Safe sales soar at home security firm Yale UK

Mar 16 2009 by Alun Thorne, Birmingham Post

Willenhall-based home security company Yale UK has seen sales double over the past year as consumers seek out new ways of keeping cash and valuables safe.

The unprecedented demand is being put down to a combination of factors, including fears over possible bank collapses, low interest rates for savers and concerns over credit crunch crime.

Carly Baker, of Yale UK, said: “People simply don’t trust the banks and building societies like they used to and are choosing to withdraw their hard-earned savings to keep them at home instead. At the same time, with interest rates at an all-time low, savers aren’t getting the return on their investments.

“We’ve seen sales of our safes double in the last year and some of our retailers are reporting 300 per cent increases in the last six months alone.

“While safes are an effective security measure, we don’t recommend that people store vast sums of money in the home and we are also encouraging homeowners to look at their wider home security too.”