Stannius, from previous posts I think I know you are in Arizona. We pay $35 a year at a local Chase branch in Tucson. That is for a box about 2 inches high, 9 inches wide and maybe 20+ inches deep I think. Until very recently we had a smaller on (maybe 6 inches wide but same length and depth) that was $21.40 per year. I don't think Chase is particularly good or bad. I just know those figures are accurate.
Do you have to be a(n existing) customer of a bank to get a box there?
The credit union I use does not have boxes of their own. They recommended another local company, which is where I got the $150 per year quote from.
Interesting... I actually live in Washington though
You point about the value of $25 in perpetuity seems about accurate.
Like I said, it's probably a matter of personal preference. People used to say that bank boxes were safer for various reasons. But there have been a few instances where items were lost or destroyed (9/11, Katrina) so that argument is less common now. But if you live in a flood prone area then having a box at a bank branch on high ground adds additional security.
Well, there are definitely pros to having it at a bank, regardless of the katrina/911 argument:
1) You could keep a copy at the bank and at your house. So while Katrina could kill both, a house fire would only take out one at most.
2) The bank is certainly more secure than your closet. No matter how good a safe you get, the bank's is better. And the bank never goes on vacation for a week or more.