Abstract: An improved safe deposit assembly including an outer housing, a removable inner container, and one or more lock devices which may be in signal communication with a time-delay device for securing valuables within. To unlock and remove the inner container from the outer housing, a separate cover is slid in to a slot on the outer housing. The cover locks a lock before releasing a latch, and neither the lock or latch are accessible until the container is removed from the housing. But a first lock must be unlocked before the cover may be slid in. The first lock may be in signal communication with a time delay to device to thwart robbery attempts. As the cover is slid in it first becomes trapped by a spring lock on the inner container and then it releases a second spring bolt lock that both seals the inner container and releases it from the outer housing. The sealed inner container may only be opened by unlocking the lock device.