DoD Savings Deposit Program
The DoD Savings Deposit Program (SDP) was established to provide members of the uniformed services serving in designated combat zones the opportunity to build their financial savings.
If you are serving in an SDP-eligible combat zone, you can start your SDP account once you’ve been deployed for a minimum of 30 consecutive days or at least one day in each of three consecutive months, and you must be receiving Hostile Fire Pay. Any military finance office in theater can help you establish an account and assist you in setting up the deposit method most convenient for you.
A total of $10,000 may be deposited during each deployment and will earn 10% interest annually. You cannot close your account until you have left the combat zone, although your money will continue to draw interest for 90 days once you’ve returned home or to your permanent duty station.
Deposits may be made in cash, by check or through allotment. Once started, allotments may be increased or decreased as your financial situation changes. Your allotment will stop upon your departure from the combat zone.
You can learn more at Defense Finance and Accounting Service.
Related Articles:
More Great MilitaryAvenue.com content:
Find Military Discounts in your community
You have Questions? We have MilitaryAvenue Answers!
Our Letters to You, MilitaryAvenue.com's Military Family Blog
Subscribe to MilitaryAvenue Alerts, monthly military-discounts & incentives right to your email box: Manage Subscriptions
The Reading Room, full of relevant news related to the military family
Moving Tools, Our Moving and Relocation Tools for Military Families