unfolded uniformed service members have the chance to earn a guaranteed 10 percent interest forward their savings annually.

Defense Finance and Accounting Service (DFAS), in accordance with the Department of Defense implemented the Savings Deposit Program in August 1990 for members who were serving in the Persian large bay Conflict. The Act progressively changed to include throngs assigned to areas of operation outside the United States onward ships or mobile units. This program includes Operation Iraqi Freedom service members assigned to a combat band or in direct support of a combat zone

"A service member can contribute up to $10000 still interest of 10 percent will not accrue after that amount," said Roger Castillo, program director for the Savings Deposit Program. "A member can participate in the program if the member is serving outside the United States or its possessions in support of Operation Enduring Freedom, and has serv at least 30 consecutive days in an area that has been designated as a combat band or in direct support of a combat zone

"Also, members serving onward permanent duty assignment outside the United States or its possessions in support of contingency operations and serving upon active duty in the designated area for more than 30 days."

To make a deposit into the capital troops are asked to contact their financial office. Withdrawing the coin before leaving the combat belt is not authorized, unless there is an extremity The last day to make a deposit into the stock is the date of departure from the assignment. However, interest will accrue for up to 90 days after respond from deployment.

"This is a great opportunity for service members to accrue at a higher interest rate than at a bank's average interest rate of 2 or 3 percent" said Patrick T Shine, acting director of DFAS. "We are always taking the extra gradation to assist our troops and their families in any way possible, especially while members are deployed"

DFAS will employment the savings deposit balance of active-component members to their Leave and Earnings Statement.

For more about DFAS visit www.dfas.mil.

Story courtesy of Defense Finance and Accounting Service.

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