The price of a safety deposit box in Singapore has no single answer. Bank boxes are the cheapest option on paper, but supply is tight, and access ends when the branch closes. Private vaults charge several times more, and demand for them keeps rising anyway.
Here is what you actually pay in 2026, what sits behind the price difference, and at what point renting a box stops being an expense and starts being sensible.
What a safe deposit box costs in Singapore in 2026
Pricing is driven almost entirely by box size and provider type.
DBS, one of the few local banks still offering boxes to ordinary retail customers, publishes annual fees from roughly S$190.75 for its smallest box to S$501.40 for its largest, GST included. Security firms sit in a similar band. Certis CISCO advertises rates from about S$159 to S$919 a year depending on box size and payment mode, before GST, with its lower GIRO rates applying on renewal....