This magnetic screw holder is the best I've found in years. It has the strongest magnets I have ever bought. I usually buy 4-6 of these when the price drops. I found that the magnets were glued onto the yellow rubber/plastic element to prevent them from falling out prematurely. FASTCAP products are always up to date. FASTCAPS TipMag is an amazing magnet that you can attach to any screwdriver and make it magnetic. It is also a very strong magnet. The magnet can also be used to hold screws while working. The only downside to this product is the velcro closure. The velcro will begin to separate from the nylon strap over time, but can easily be repaired or replaced with another piece of velcro and some glue and/or stitching. The price of this product sometimes drops below $10. I have been using these products for at least 8 years. years and I am an HVAC contractor.
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