Comments on: The Savings Deposit Program: A Benefit for Deployed Soldiers http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/ The US Army is the one of the premier military forces of the world offering top quality facilities, opportunities, housing and health care, educational programs and a myriad of other benefits. The Army offers an attractive pay scale, with various allowances, discounts and bonuses available to its personnel. With bases in some of the most exotic and interesting locales in the world, the Army way of life is legendary. Mon, 13 Feb 2012 15:21:55 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bob http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/comment-page-1/#comment-94167 Bob Mon, 12 Sep 2011 16:48:35 +0000 http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/#comment-94167 It is deposited every month. For the $10,000 investment, you would get $83.34 every month the money stays in the account until 90 days after your redeployment date. It is paid out around the 11th of every month and will only pay in full month increments. If you were deployed for a full year and left it in for the extra 90 days, you would get paid $1,250 in interest when you pull it out of SDP. It is deposited every month. For the $10,000 investment, you would get $83.34 every month the money stays in the account until 90 days after your redeployment date. It is paid out around the 11th of every month and will only pay in full month increments. If you were deployed for a full year and left it in for the extra 90 days, you would get paid $1,250 in interest when you pull it out of SDP.

]]> By: david http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/comment-page-1/#comment-92198 david Mon, 04 Jul 2011 18:23:38 +0000 http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/#comment-92198 10 percent annual, compounded quarterly. can let it collect interest for 90 days upon return 10 percent annual, compounded quarterly. can let it collect interest for 90 days upon return

]]> By: Andi http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/comment-page-1/#comment-91306 Andi Mon, 16 May 2011 14:35:41 +0000 http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/#comment-91306 In regards to the 10% interest, is that a one time annual interest earned? Example if I had $10,000.00 by the end of my term I would only earn a $1000.00 on it. Or is the 10% appled monthly, Quarterly or some other form? If it is applied monthly or Quarterly, then 12 months later I would have earned 13200.00 with interest on the 10000.00... Hope someone could answer this for me... Hope it makes sense what I am asking... In regards to the 10% interest, is that a one time annual interest earned? Example if I had $10,000.00 by the end of my term I would only earn a $1000.00 on it. Or is the 10% appled monthly, Quarterly or some other form? If it is applied monthly or Quarterly, then 12 months later I would have earned 13200.00 with interest on the 10000.00…

Hope someone could answer this for me…

Hope it makes sense what I am asking…

]]> By: Dina http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/comment-page-1/#comment-72543 Dina Fri, 14 Jan 2011 00:54:10 +0000 http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/#comment-72543 By whom is the SDP account insured by? By whom is the SDP account insured by?

]]> By: Robert http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/comment-page-1/#comment-34910 Robert Tue, 08 Jun 2010 17:30:27 +0000 http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/#comment-34910 Where do we open such an account? Do any local banks have “The Savings Deposit Program"?? Does anybody know the answer?? Thanks.

Where do we open such an account? Do any local banks have “The Savings Deposit Program”?? Does anybody know the answer?? Thanks.

]]> By: kelley schaecher http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/comment-page-1/#comment-25790 kelley schaecher Wed, 31 Mar 2010 22:24:49 +0000 http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/#comment-25790 where do we open such an account? Do any local banks know about this or is it necessary to open them through the service and if so how do we go about that? Hidden due to low comment rating. Click here to see.

]]> By: Carl http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/comment-page-1/#comment-17007 Carl Fri, 08 Jan 2010 15:58:37 +0000 http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/#comment-17007 This is a great program. I strongly encourage all servicemen to take advantage of it. 10% interest with no risk on your part, that is pretty amazing. There is nothing that comes close in the civilian world. I recommend keeping the money in the account for 3 months after you return home as it still collects interest, before withdrawing it. Also, when you request your money, it appears in your account in a couple days. So no worries about the military hanging onto your money forever.

This is a great program. I strongly encourage all servicemen to take advantage of it. 10% interest with no risk on your part, that is pretty amazing. There is nothing that comes close in the civilian world. I recommend keeping the money in the account for 3 months after you return home as it still collects interest, before withdrawing it.
Also, when you request your money, it appears in your account in a couple days. So no worries about the military hanging onto your money forever.

]]> By: Robin Frick http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/comment-page-1/#comment-12499 Robin Frick Wed, 04 Nov 2009 19:32:32 +0000 http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/#comment-12499 We have Soldiers deploying every week and we knew nothing about this. Can you please send us more information on SDP? Or tell us where we can go to get the information. Thanks for this article. We have Soldiers deploying every week and we knew nothing about this. Can you please send us more information on SDP? Or tell us where we can go to get the information. Thanks for this article.

]]> By: Durwood Lynn moore http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/comment-page-1/#comment-7243 Durwood Lynn moore Fri, 26 Jun 2009 05:55:36 +0000 http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/#comment-7243 I would like to find out what happened to money that I put in soldier deposit in the mid 50s and was never withdrawn. thank you

I would like to find out what happened to money that I put in soldier deposit in the mid 50s and was never withdrawn.
thank you

]]> By: Wanda Williams http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/comment-page-1/#comment-6289 Wanda Williams Wed, 27 May 2009 14:50:08 +0000 http://www.usmilitary.com/463/the-savings-deposit-program-a-benefit-for-deployed-soldiers/#comment-6289 Your article states "The interest earned is taxable income, despite the fact that the deposit itself is not. In terms of withdrawal, military men and women can take out $5 at a time." Do you mean you can take out a MINIMUM of $5 at a time? Looking forward to your reply as soon as possible. Thank you, Wanda Williams Your article states “The interest earned is taxable income, despite the fact that the deposit itself is not. In terms of withdrawal, military men and women can take out $5 at a time.” Do you mean you can take out a MINIMUM of $5 at a time?

Looking forward to your reply as soon as possible.

Thank you,
Wanda Williams

]]>