Mac OS X 10.2: Keychain Unexpectedly Stores Mail Password

The Keychain application may store your Mail account password even if you tell it not to.
Symptom
Solution

You can remove the password using the Keychain Access utility. However, storing the password in the Keychain does not expose it to anyone else. It is not a security issue.

If you edit account information in Mail, the password may be unexpectedly added to the Keychain again.
Published Date: Feb 17, 2012