I'd be much more comfortable with this personally. Trust the math, not the people.
Well, there was the integer overflow bug years ago where someone could essentially create money out of thin air. But that's the only one I know of and it's a pretty amazing security track record for such a high-profile and lucrative target.
That said, this is just me being pedantic, I agree I'd much rather trust solid crypto than a promise from a person somewhere, even if that promise is in writing.
irrelevant to symmetric crypto
If you are using only a 128-bit key, a quantum computer can cut the brute-force effort required to 2^64, which is feasible today.
Or if you're a cheap fuck like me, you want even lower and you go to OVH Hubic which is $50 for 10 TB for a year, with no additional bandwidth cost.
Edit: Turns out the answer is yes, no commercial use.
https://www.amazon.com/gp/help/customer/display.html?nodeId=...
1.2 Using Your Files with the Services. You may use the Services only to store, retrieve, manage, organize, and access Your Files for personal, non-commercial purposes using the features and functionality we make available. You may not use the Services to store, transfer, or distribute content of or on behalf of third parties, to operate your own file storage application or service, to operate a photography business or other commercial service, or to resell any part of the Services.