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For security purposes, this money should be kept in a bolted down safe with any other valuables in the home, McCarty said. ?Make sure the safe is fire and waterproof to avoid any damage. Make sure you deposit and replace the money on occasion so that the bills don't get too old.?

Typically, currency bands have attached ends, so that bills are "curled" and slipped into the band, whereas currency straps have adhesive on the ends to secure them around the bills after wrapping. Straps can be applied manually, or automatically by a Currency-counting machine.

Where to safely keep cash at home. Just like any other piece of paper, cash can get lost, wet or burned. Consider buying a fireproof and waterproof safe for your home. It's also useful for storing other valuables in your home such as jewelry and important personal documents.

Savings accounts are a safe place to keep your money because all deposits made by consumers are guaranteed by the Federal Deposit Insurance Corporation (FDIC) for bank accounts or the National Credit Union Administration (NCUA) for credit union accounts.

Keep any paper cash, currency, and valuable paper records locked in a quality, humidity-controlled, fire-resistant safe. If you have valuables such as paper cash or other important/sensitive documents, you absolutely need to invest in a quality safe with UL-rated security and certified fire protection.

ABA Standard (United States) A stack of $100 Federal Reserve Notes in $10,000 straps. Note the ABA compliant mustard color. As shown in the above table, there are 100 bills in each strap but only 10 straps in each bundle.

However, money for everyday bills is probably safer in a bank account. High-yield savings accounts or certificates of deposit (CD) are good places to park emergency savings and other money you're socking away for a big-ticket item or event.