#1 – Your important possessions are protected from fire, flood, or other natural disasters.
Natural disasters can destroy more than your house. They can destroy memories like important records, jewelry, and photographs. You should keep your most valued possessions, copies of your important papers, and even your photographs in digital form in a safe deposit box away from the house.
#2 – It’s a cost-effective way to keep valuables private and safe.
Only you know what’s inside your safe deposit box. The cost for a safety deposit box varies depending on size. Rental fees are charged annually.
#3 – Your items are protected from theft at home.
A safety deposit box is a great way to give you that extra peace of mind — just in case your home is ever burglarized.
#4 – Your items are protected from being lost or misplaced.
You might benefit from using a safe deposit box instead of trying to keep things organized at home.
#5 – Your family members will know where to find your important papers.
If you have a copy of something important (like your will or insurance papers) in a safe deposit box, your family members will be able to retrieve those items if you, personally, cannot. Just make sure they can access your key!
If you’re interested in getting a safe deposit box, Hawaiian Tel Federal Credit Union can help. They have branches throughout Oahu and one on Maui for your convenience. Since chartering 81 years ago, this credit union has been committed to helping Hawaii residents achieve their financial dreams. Follow their Facebook, Twitter, and Instagram for news and updates, or call the credit union at 832-8700 on Oahu or toll-free at (800) 272-5255 with any questions.