Banks Are Walking Away
Major banks across the country are shutting down their safe deposit box programs. Customers are being given 60 days to remove their valuables — with nowhere to go.
Even when banks offered boxes, they were never designed for precious metals. No insurance on contents. No digital inventory. No metals expertise. No real-time value tracking. Just a steel drawer in a basement.
Alex Lexington was built for exactly this moment. Since 1977, three generations in precious metals — combined with modern custody infrastructure — creates a vault storage experience that banks never offered and now never will.
Banks exiting safe deposit boxes
JPMorgan, Wells Fargo, and regional banks closing box programs with as little as 60 days notice.
No insurance on bank boxes
FDIC does not cover safe deposit box contents. If your metals are lost or damaged, you have no recourse.
No digital access
Bank hours only. No inventory tracking, no value monitoring, no way to manage holdings remotely.
No precious metals expertise
Bank employees cannot help you evaluate, authenticate, or advise on metals storage.
Four Steps to Secure Storage
Open Your Account
One-time $50 initiation fee. Your storage rate is based on the value of your holdings. Your vault account is active immediately — ready to receive metals.
Deposit Your Metals
Buy through Maroon and metals go straight to your vault. Or ship existing metals to us — $25 processing fee for externally shipped items, waived for AL purchases.
Segregated Storage
Your metals go into your own bag, in your own bin. Never commingled with other clients. Each holding tracked individually by product, weight, and location.
Digital Access
Track every holding in the Maroon app. See bin locations, real-time market values, per-metal ozt breakdowns. Request withdrawals or sell back anytime.
Always Segregated. Never Commingled.
Every client has their own bag. Every bag has its own bin. Your metals are never pooled, shared, or combined with anyone else's holdings. This is non-negotiable.
Your Metals
Individually identified and tracked from deposit to withdrawal
Your Bag
Sealed, labeled, and assigned exclusively to your account
Your Bin
Physical vault location visible in your Maroon portfolio
Stair-Stepped, Value-Based Pricing
Each portion of your portfolio is charged at its own tier rate — not a flat rate on the entire balance. The more you store, the lower your effective rate.
Entry
1.25%Gold / Pt / Pd
1.88%
Silver (1.5× base)
Up to $50K
Starting collections
Standard
0.95%Gold / Pt / Pd
1.43%
Silver (1.5× base)
$50K – $250K
Growing portfolios
Preferred
0.75%Gold / Pt / Pd
1.13%
Silver (1.5× base)
$250K – $1M
Established investors
Private Client
0.55%Gold / Pt / Pd
0.83%
Silver (1.5× base)
$1M+
Premium holdings
Stair-Stepped Billing Example — $500K Gold Account
1.25% on first $50K
$625
0.95% on next $200K
$1,900
0.75% on remaining $250K
$1,875
Total Annual Fee
$4,400
Annual minimum: $300/yr (gold-predominant), $400/yr (silver-predominant). $50 one-time initiation fee at account opening.
August renewal cycle. Invoice issued July 15, payment due August 1. Monthly billing available via ACH.
What You Can Store
Gold
- American Gold Eagles
- Canadian Maples
- Krugerrands
- Britannias
- Philharmonics
- PAMP & Credit Suisse bars
- Pre-1933 US Gold
- Generic gold bullion
Silver
- American Silver Eagles
- Canadian Silver Maples
- Silver rounds & bars
- 90% silver coinage
- PAMP & Engelhard bars
- Generic silver bullion
Platinum
- American Platinum Eagles
- Canadian Platinum Maples
- Platinum bars
- Generic platinum bullion
Palladium
- Canadian Palladium Maples
- Palladium bars
- Generic palladium bullion
Coins, bars, and rounds accepted. Contact us for specialty items or large collections.
Atlanta Vault Facility
Your metals are held in our secure vault facility in Atlanta, Georgia — where Alex Lexington has operated since relocating from New York in 2010. Professional custody, modern security, and three generations of precious metals expertise under one roof.
For large holdings or overflow capacity, we partner with IDS (International Depository Services) and CNT Depository — among the largest and most respected precious metals depositories in the United States.
Physical Vault
Purpose-built precious metals storage in Atlanta, GA
Professional Custody
Insurance-grade custody records on every holding
IDS / CNT
Overflow custody through the nation's top depositories
Individual Tracking
Every item logged by product, weight, purity, and bin
Your Vault, in Your Pocket
Everything you need to manage your vault holdings — accessible 24/7 through the Maroon app.
Per-Metal Breakdown
See troy ounces held for each metal individually — Au, Ag, Pt, Pd. Never combined, always clear.
Real-Time Market Value
Live spot prices applied to your holdings. Watch your portfolio value update throughout the trading day.
Transaction History
Complete record of deposits, purchases, sell-backs, and withdrawals. Your full audit trail in one place.
Withdrawal Requests
Request a withdrawal from your vault anytime. Ship metals to your address or pick up in Atlanta.
Bin Location Visibility
See exactly where your metals are stored. Bin location displayed in your portfolio for full transparency.
Sell Back Anytime
Sell vault holdings back to Alex Lexington, quoted against live spot in writing. Proceeds credited to your account instantly.
Open Your Vault Account
Segregated vault storage with stair-stepped pricing from 0.55% annually. Your metals, your bag, your bin. Accessible 24/7 through the Maroon app.
