Ask Terry Questions safety deposit box

safety deposit box

By Terry Savage on March 29, 2024 | Wild Card

Hi Terry,
Heard you mention on your news segment on channel 9 that you have some Gold coins etc.
in your safety deposit box-I was under the impression that you can not have any money in safety deposit boxes now-against the law. please advise-thank you dan bowen

Terry Says

You should keep all valuables in a safe deposit box. And the only thing that should not be stored in a safe deposit box are hazardous materials. It’s silly to keep cash in a safe deposit box, because it isn’t insured and could be earning 5% interest!



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