Back to blogs
It seems that no matter what the state of the economy, if one thing suffers another thrives and the current recession is no different. As many people feel that the banks have let them down (with good reason), many are deciding not to use them at all and keep their money at home.
As the UK Government guarantees up to £50K if your savings are lost due to a collapsing bank, it makes you wonder how much money is bundled up inside deposit safes all over the country if people distrust them that much.
Personally I think it's more to do with a feeling that neither the banks nor the government are to be trusted with our own money anymore rather than a simple instinct to hoard cash. Also, people are realising that sometimes there are things far more valuable than money.
For example, with the increase in identity fraud many are taking drastic action and shredding their documents when finished with, but what happens to documents that you absolutely must keep? How can you keep them safe?
I know, the answer's obvious but I have to at least attempt to be subtle!
Of course a safe is the ultimate place to keep them if you can hide them away and use a good quality
deposit safe that perhaps comes with a guarantee. We offer a wide range to store your laptops and other electronic equipment too.
Posted at: Tuesday, 05 May 2009
Tags: safes, deposit safes