Posted on Feb 26, 2014
1SG First Sergeant
7.36K
8
10
0
0
0
I've thought about participating in the Savings Deposit Program but I don't see the benefits from it. what are your thoughts?
Avatar feed
Responses: 4
SSG It Specialist
1
1
0
As a 36B do it! Do it!
(1)
Comment
(0)
SGT K G
SGT K G
>1 y
SSG (Join to see) I have a question for you.
(0)
Reply
(0)
SSG It Specialist
SSG (Join to see)
>1 y
Ask away.
(0)
Reply
(0)
Avatar small
SFC Michael Hasbun
1
1
0
It's a savings account with a higher than  average interest rate. What benefit are you not seeing?
(1)
Comment
(0)
1SG First Sergeant
1SG (Join to see)
10 y
you can only make up to 10% of what you deposit and you can only deposit up to $10,000 and you can only keep it in the account 90 days past redeployment. 
(0)
Reply
(0)
SFC Rear Detachment Ncoic
SFC (Join to see)
10 y
Where do you not see the benefit? Where can you make 10% interest anywhere else? I did it and wish I could deploy so I could do it again.
(3)
Reply
(0)
SFC Michael Hasbun
SFC Michael Hasbun
10 y
Exactly. It's much better than just leaving it in your checking acount where you'll get maybe 1% interest...
(2)
Reply
(0)
Avatar small
Sgt Individual Material Readiness List (IMRL) Asset Manager
0
0
0
It has great benefits that allow you to compound your money. I was wondering if this program is allowed outside of a combat area?
(0)
Comment
(0)
Avatar small

Join nearly 2 million former and current members of the US military, just like you.

close