The Military Savings Deposit Program offers you a guaranteed 10 percent annual interest rate for eligible military service members, according to the Defense Finance and Accounting Service website.
Before they were famous, many truly influential men and women started by serving their country in the US military or grew up in military families.

Interested In 10% Interest on Your Military Savings Account?

As of August 2011, interest rates on savings accounts were under 1%.

As military, you have access to an unmatched opportunity to earn the highest interest rate available, to grow your savings in a completely safe and liquid financial vehicle for military servicemembers only: today's Military Savings Deposit Program.

The Military Savings Deposit Program offers you a guaranteed 10 percent annual interest rate for eligible military service members, according to the Defense Finance and Accounting Service website.

Have you discovered the Military Savings Deposit Program...or are you satisfied with under 1% interest on your hard-earned military savings?


Every good money manager wants the highest return possible. But as military, only you have the financial edge of the Military Savings Deposit Program

Civilians as well as military can choose from money market accounts, savings account, checking accounts, although interest rates are lowest in these bank products.

Mutual funds may pay more interest, but they are riskier.

Bank CDs often earn the highest interest rates for the safest investment - that is, the principal amount you deposit will not fluctuate. However, CDs often require that you have no access to your principal for a period of 6 months to 3 years.

The Military Savings Deposit Program is your best, most prosperous choice for growing your money at 10% interest.


Your military lifestyle means you also need to secure your finances before a deployment overseas or leaving for a military training program - both of which could happen at a moment's notice.

It is precisely this honorable military lifestyle that makes you eligible for the Military Savings Deposit Program.

In order to determine your eligibility for the Military Savings Deposit Program, you'll need your current Leave and Earnings Statement (LES), deployment orders, Internet access, and checkbook (optional).

Eligible service members must be on order for deployment to an area that receives Hostile Fire Pay, and is an official Combat Zone. Military service members must be present in the Area of Responsibility for 30 consecutive days, or 1 day in each of 3 consecutive months.


Once considered eligible, the next step is to figure out how much can be deposited.

For your savings account, the 10 percent annual interest is valid on the first $10,000, and your deposit is limited to your total unallotted pay per month.

For example, if your total pay is $1,000 with $300 a month in allotments, then your savings deposit program limit would be $700 a month.


Deposits to your Military Savings Program account may be made in the form of cash, check, money order, or allotment. Cash and money order deposits must go through the financial services office on base.

For allotment deposits, military service members can arrange payments through When you withdraw funds using taxable interest may be withdrawn on a balance of $10,000 or more on a quarterly basis.

Allotments can deduct deposits from your military paycheck every month, pay period, or week, adding to your initial deposit and increasing your interest earnings.


As military, it's essential for you to stay on top of your finances; your fast-paced and fast-changing military lifestyle means you need to know where your money is now, and where to place it to grow safely no matter where you may go.

Before your next deployment, look into the Military Savings Deposit Program to keep your money growing here at home while you're overseas serving your country.


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