Not relevant to this topic, TD bank is one of the worst banking institution I have dealt with. Reading about them gives me nightmares.
BMO has something similar but it's $6,000. The rest (last time I checked) didn't really offer something like that.
I have some bars of precious metals, and contracts etc.
I'm sure I could avoid using one, for instance getting a fire safe. However since the bank offers it for free, why not use it?
Also, you have the option of offsite storage for any media backups. There is always the "Cloud" however sometimes it's nice to know your wedding photos are in a secure location.
Offsite storage of small, highly value items. Important documents especially (e.g.,.duplicate official copies of birth certificates and similar documents as offsite backup, because getting them from the source can be time consuming, and present chicken and egg problems.)