A safe for providing security and storage of personal items. The safe includes a housing, a door, a user operable locking mechanism and a user operable release mechanism. The door can be opened only upon both proper manipulation of the user operable locking mechanism and proper manipulation of the user operable release mechanism. The user operable release mechanism is disposed to reduce the risk of theft of the contents of the safe by unauthorized attempts to manipulate the release mechanism. The safe may include a mounting arrangement for mounting the housing to a structure to reduce the risk of theft of the safe.