Okay, no one trusts the stock market any more so they take their cash to the bank. Sometimes it goes into a worthless rate of return on a Certificate of Deposit but the more cautious might go and rent a safety deposit box and squirrel away some cash for emergencies. So, what does Bank of America do? Why they raise rates 300% on the smallest boxes that they have. In 2007, I paid $31.00 for a box. In 2008, I paid $64.00 for a box. Now in 2010 I am asked to pay almost $90.00!
This is the smallest box there is. I would estimate it has about one third of a cubic foot. Maybe. And they want $90.00 for me to keep some papers in. Screw them. I am going to go get those papers and digitize them and store them in numerous places and Bank of America can lower their CEO bonuses by the amount of money I keep out of their grubby hands.