I use a plastic fisherman's tackle box to hold my router bits.

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router bit storage

I use a plastic fisherman's tackle box to hold my router bits, with one bit in each compartment to protect the cutters. Actually it's more of a "routing center" because it holds pretty much everything I need for several routers: bearings, allen wrenches, screws for mounting subbases, etc.

Larger tackle boxes have a big open area beneath the compartmentalized trays, and that's perfect for storing wrenches, template guides, and oversize bits that won't fit into the compartments. Some boxes even have enough room below to stow a trim router. My advice: Buy a big box and fill 'er up!
Wayne Van Coughnett, New Milford, Conn.