An improved collapsible container is provided having a rectangular base and four side walls resting on a peripheral sill of the base. The sill and a floor in the base combined to define a well which receives the side walls when the container is collapsed. The side walls are preferably connected by latches which both interconnect the sides and allow angular movement of one side relative to another side for collapsing the container. The latches also permit two of the sides of the container to have upper parts which can be moved outwardly upon releasing the latches to provide access into sides of the container.