Do banks know what you put in a safety deposit box?.Another consideration is that cash in an insurance-earning deposit account will grow, while cash in a safety deposit box will only lose value over time due to inflation.It is safer to put your cash in a deposit account. Though you are technically allowed to keep cash in a safe deposit box, banks highly advise against it, as the cash inside would not be insured.Is it okay to keep cash in a safe deposit box?.Keeping your valuables in a safe deposit box protects them from potential theft or damage.
Here are the answers to some common questions about safety deposit boxes.
