The article may contain affiliate links from partners. The words, opinions, and reviews are our own. Learn how we make money to support our financial wellness mission.
Safekeeping is defined as a service provided by banks where securities and valuables are protected in the vaults of the bank for customers.
Safekeeping Explained
Safekeeping was a benefit offered to active duty military members who bought paper savings bonds through a payroll savings plan. This benefit allowed military members to have their bonds held by their branch of service instead of having the bonds issued and mailed directly to them.
