• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

US Military

  • Branches
    • Army
    • Navy
    • Air Force
    • Marine Corps
    • Coast Guard
    • National Guard
    • Air National Guard
    • Find A Recruiter
  • Find A Recruiter
  • Military Benefits
    • GI Bill
    • VA Loans
    • Military Scholarships
    • Military Friendly Colleges
    • Money
  • Jobs
    • Military Pay Chart
    • Veteran Jobs
    • Civilian Jobs
  • VA Loan Rates
  • Military News
    • Top News
    • Benefits
    • Careers
    • Education
    • Featured Columnists
      • Larry Fowler
      • Scott Ostrow
      • Kim Lengling
      • Dr. Sasha Toperich
      • Rick Stewart
  • USM Shop
  • GI Bill
  • VA Loans
  • Military Scholarships
  • Top Military-Friendly Colleges and Universities in America

Savings Deposit Combat Benefit Program

July 17, 2008 By admin

There is a program that is available to Servicemembers that are serving in a combat zone or who are stationed in a battle or war zone. It was created specifically for military Servicemembers who are serving in an active war zone or combat zone. There are benefits that are especially for Servicemembers in a combat zone, and it is called the Savings Deposit Program. You are in a DoD program that is designed to support and assist Servicemembers in saving their money when they are serving their country in a wartime situation. Servicemembers who participate in this program must be on active duty and serving in a designated DoD designated Combat or battle zone. This is a supported active duty program that offers Servicemembers an account to put money into and they receive ten percent interest on their money. It is a program that encourages active duty Servicemembers to save their funds and a higher rate of interest for their savings benefit.

This program has been around for about 40 years, and was first started during the 1960s to help and support Servicemembers to save part of their pay while serving in a war zone. The program first began during the Vietnam War, and was created to allow Servicemembers serving at the time in Asia to be able to safely set aside their pay for their families while they were on active duty. It was successful but after the end of the Vietnam War it lay dormant for over 25 years. The program was reactivated for personnel for Dessert Storm, and it remains in effect for those Servicemembers in War zones around the world. A Servicemember is eligible for depositing in the program on the 31st day they are assigned to a combat zone. Any Servicemember member serving in Afghanistan, Iraq, or other combat area is typically eligible for this program. Deposits can be made in any multiple of 5, such as $5 dollars, $25 dollars, or even $1,000 dollars. But for example, a deposit of $5.75 dollars would not work because it has to be in an even five dollar multiple. Soldiers can arrange to make a deposit using check, money order or cash.

Are you interested in an exciting career in the Military? See if you qualify. Click Here Now!

The deposit is limited only by the amount that the Servicemember earns each month, for example if you Earn $900 dollars in a month you cant deposit $1,000 dollars because that is more than you earn in a typical month.

Filed Under: Benefits, Updates

[related_posts_by_tax format="thumbnails" limit_posts="100" image_size="sidebar-thumbnail" public_only="true" posts_per_page="6"]

Primary Sidebar

USMilitary.com Career Guide

Sign up to receive USMilitary.com email updates and to hear what's going on with all military branches!

Featured Columnists

Larry Fowler

Larry Fowler is the publisher of USMilitary.com Network one of America's premier privately owned

Autobiography Compares Christian Living With Navy SEAL Training (BUD/S).

Scott Ostrow

Lt Col (Dr.) Scott A. Ostrow retired from the Air Force in September 2005 and has been teaching

Must Read: The Truth About The ASVAB Test Prep From The Man Who Wrote The Book

Kim Lengling

Kim Lengling is a Air Force Veteran whose passion is to help support veterans and their

The Moving Wall: Women Who Paid The Ultimate Price For Their Country

Dr. Sasha Toperich

Dr. Sasha Toperich is the Senior Executive Vice President at Transatlantic Leadership

Sarraj’s Dangerous Dance With Power

Rick Stewart

Rick Stewart is a former United States Air Force Survival, Evasion, Resistance, and Escape (SERE)

Announcing American Patriots Unsung Magazine

Nathan B. Nelson

Capt (ret) Nathan B. Nelson is the Director of Military Affairs for the 1st Congressional district

Three Critical Considerations for Every Veteran Prior to Leaving Active Duty

Laquan Daniels

Laquan Daniel is a military recruiting expert with over 17 years of specialized experience in the

Important News For Military Transitioning Veterans

Veteran Buzz

Hire Military Veterans

Which Companies Are Most Likely to Hire Military Veterans?

July 30, 2018 By Ben Ehinger

High-Paying Jobs for Military Veterans

5 High-Paying Jobs for Military Veterans

July 2, 2018 By Ben Ehinger

High Paying Jobs Not Requiring a Degree

June 28, 2018 By Ben Ehinger

Footer

  • Advertise With Us
  • Privacy Policy
  • Write For US
  • Link to Us

Recent

  • Autobiography Compares Christian Living With Navy SEAL Training (BUD/S).
  • Apache Attack Helicopter Pilot: To Maintain a Watchful Eye, “Above the Best”
  • Peering Into The Future: NATO 2030 Initiative Announced
  • What Military Branch Sees the Most Combat?
  • From Belarus “With Love”, Yet Again

Search

© Copyright 2021 USMillitary
Web Design by Goebel Media Group


THIS IS A PRIVATE WEBSITE THAT IS NOT AFFILIATED WITH THE U.S. GOVERNMENT, U.S. ARMED FORCES, OR DEPARTMENT OF VETERANS AFFAIRS. U.S. GOVERNMENT AGENCIES HAVE NOT REVIEWED THIS INFORMATION. THIS SITE IS NOT CONNECTED WITH ANY GOVERNMENT AGENCY.

​Tips
Discounts
News

​

​

Join the USMilitary.com Newsletter Today!

By subscribing you agree to our terms & conditions

x