They include Metro Bank, HSBC, Barclay, Natwest, and Lloyds Bank. Some UK banks still offer safety deposit box services.
Their business model – subscription or upfront? Contractual or non-contractual?Ĭomparing the Cost of Bank Safes: A Look at Two UK Banks.Their insurance mix for example, is the insurance cost included in the box price, or do customers have to take their insurance policy?.Private provider prices are factored in many ways, including: You may not find the same price across providers, so we also took a look into different features to help you understand safety deposit box pricingįactors Influencing the Pricing of Safety Deposit Boxes And from £150 for existing safety deposit box customers. If you’re looking to rent one for the first time, expect an annual price between £200 and £1200. Leaving people with concerns about the cost of a safety deposit box. Purpose-built vaults by independent providers are springing up. With prices soaring and many banks ceasing the provision of safety deposit boxes.
