http://www.militarytimes.com/benefits/pay/online_hbml08_allow_savingsdeposit/
Allowances: Savings deposit program
Service members deployed to designated combat zones can earn a guaranteed 10 percent interest rate on their savings under this little-known program created during the Vietnam War era.
Those pulling duty in the Balkans, Operation Iraqi Freedom and Operation Enduring Freedom are eligible. Contributions are limited to $10,000, so the most someone could earn is $500 in interest over a six-month deployment or $1,000 for a one-year deployment. The money must be withdrawn within 90 days of returning from the deployment region.
Interest earned on money in this program is taxable.
Leave a Comment
Most Viewed Stories
- Marine scout snipers used Nazi SS logo
- Amos sorry for Marine use of Nazi SS logo
- Pentagon opens more military jobs to women
- Wife found guilty in Navy doc’s stabbing death
- Analysis: Navy may benefit in revamped military
- DoD to recommend new combat roles for women
- Navy probes site of 200-year-old shipwreck
- Congress OKs bill opening U.S. skies to drones
Contests and Promotions
Win Tactical Night Vision Goggles!
Enter to Win the Military Times Sweepstakes!
Click Here To Enter.
Enter our 2012 Red Carpet Contest!
Predict who will get the statues on Hollywood's big night and win a $200 Fandango Gift Card!
Click Here To Enter.
Free Stickers
Click here and we'll send you a FREE AFGHANISTAN, IRAQ, VIETNAM, or DESERT STORM sticker.
Marketplace
Mil-Mall
VALOR and VISION: Heroes * Leaders * InnovationThis commemorative Military Times magazine, tells, in pictures and short essays, the story of our past decade at war.
Military Discounts
Save on your purchases!
In honor of your military service, you can find regular and name brand products at a special discount.








