Posted on Nov 19, 2013
Have you taken advantage from the Savings Deposit Program (SDP) while deployed?
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When I was in Afghanistan working in Finance Office, I noticed that only aprox. 15% of service members make deposits for this program. This is a great opportunity for service members BOG to get an annual 10% of interest, better than any current savings account in the market.
Posted >1 y ago
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Yeah this was an a awesome program for me while I was in Iraq. The money in the account which I maxed in like 4 or 5 months ended up going towards the first house my wife and I bought.
Great program and one I pushed my soldiers to participate in.
Great program and one I pushed my soldiers to participate in.
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SSG (Join to see)
That's great Sir. As fast as you can max it, the better. I have good savings habits, so I deposited 100% my pay the first 2 months
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As a Finance NCO, how are you reaching all the Soldiers to 'get the word out' about the benefits and ease of saving?
I used this while deployed but I also had other investments and made more money on those.
I used this while deployed but I also had other investments and made more money on those.
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SSG (Join to see)
MSG Quick, we used to brief incoming units. Also, I always verified in DDS the history transactions for every soldier before the exchange transaction and there I could see if was the first time visit to the office. For me that was a good time to offer the services we provide, etc. Personally I have other investment options too. For me, I think that it is an excellent program for SMs that only want to save the extra $$ made while down range and being able to use it after deployment. What I mean with this is that we have a lot of young service members that go deployed and dont even have good habits for saving and this is good way to start and be sure that they will have at least something saved after the deployment. I could see a lot of them spending everything in Afghani Shop, PX, poker, etc etc.
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I participate in the SDP every time I deploy, it is an easy way to make around $1600. I am almost certain that you were the one who helped me last time I was in Afghanistan:)
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