Annual costs for safe deposit boxes at US banks, box sizes, and what to consider before renting.
Safe Deposit Box
$50.00median
$1.00 – $300.00·43 institutions
Notary Service
$5.00median
$1.00 – $15.00·26 institutions
How 135 institutions price this fee. National median: $50.00
Safe deposit box fees are charged annually and vary by box size. Small boxes (3x5 inches) typically cost $20-$60 per year. Medium boxes (5x10) run $75-$150. Large boxes (10x10) can cost $150-$300 or more. Prices vary significantly by location and institution.
Credit unions often offer lower safe deposit box rates than banks. Urban branches tend to charge more than suburban or rural locations. Some banks offer discounts for premium account holders. Late payment fees for box rental can be $25-$50.
Home safes offer one-time cost for document storage. Digital document storage services provide secure access from anywhere. For valuables, consider specialized vault storage companies. Insurance riders on homeowner's policies may be more cost-effective for jewelry and collectibles.