Never keep these items in a safe deposit box

Where is the safest place to store your valuables? In a safe deposit box in the bank, most of the time.

But a new report says there are some things not to lock up in your safe deposit box.

Best security from fire

If you are worried about theft, fire or a tornado, there's nothing like the security of your bank when it comes to your most cherished treasures.

But Yahoo Finance says while a safe deposit box at the bank is secure, it can be too secure in some cases.

Yahoo says there are some items you should keep in a small fire-proof safe at home, so you can get to them at a moment's notice.

The report says use a bank safe deposit box for:

- Valuable old photos.
- Grandmas irreplaceable jewelry.
- The deed and insurance papers for your home, in case it's destroyed by fire or tornado.

But the report says keep the following things at home:

- Wills
- Health care power of attorney
- Spare car keys
- Anything you or your survivors might need on a moment's notice.

Cash? Not all in one place

The report says you can keep some cash in the bank's box, but keep some at home.

Remember,  your safe deposit box is accessible only during banking hours. And if you die suddenly, it's sealed until a judge orders it opened. Your survivors will not be able to access your will, if it is locked up at the bank.

So don't keep everything in one place so you don't waste your money.

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