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10 Feb, 2021
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Welcome to the billionaires’ new piggy bank (lợn đất). A bank vault (hầm) in a grade-II listed 120-year-old former mansion (lâu đài, biệt thự) next to the Dorchester Hotel on London’s Park Lane will open for business next week.
This is no ordinary bank. This one will be slightly more discerning of its customers than the average high street bank branch. “We won’t deal with millionaires,” says Sean Hoey, managing director of the facility, run by International Bank Vaults (IBV). “We will be dealing only with billionaires.”
...The cheapest safety deposit box, which is just 5cm high, 16cm wide and 49cm deep, costs £600-a-year-to rent. That compares to £465 for a box twice the size in Harrods, and £240 in Metro Bank – the UK’s largest supplier of safety deposit boxes with 150,000 boxes across 70 branches.
Tags: finance
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