The DOD
Savings Deposit Program (SDP) was established to provide members of
the uniformed services serving in a designated combat zones the
opportunity to build their financial savings. Amounts up to
$10,000.00 may be deposited, earning 10% interest annually. Members
must be receiving Hostile Fire Pay and be deployed for at least 30
consecutive days, or 1 day in each of 3 consecutive months in order
to participate in the program.
Click here to
view the DOD
Savings Deposit Program pamphlet.
Withdrawal
Procedures:
Withdrawal request may
be e-mailed to CCL-SDP@dfas.mil (SDP mailbox), or faxed to (216)
522-5060 "Attention: SDP". Members may submit a withdrawal request
on-line using myPay. Additionally, requests can be mailed to the
following address:
DFAS- Cleveland Center (DFAS-CL)
ATTN:
SDP
Special
Claims
1240 East 9th
St .
Cleveland , OH 44199-2055
Members must include
name, social security number, and date of departure from the combat
zone. Electronic Funds Transfer (EFT) information must include the
bank name, routing number, account number, and account type
(savings or checking). If a hard copy check is requested, a
complete mailing address must also be provided. Make sure that your
allotment has stopped before requesting
withdrawal.
Withdrawals:
Members may close
their SDP accounts only after departing the combat zone. Interest
will continue to accrue on the account up to 90 days after
departure from the combat zone. Should the 90 day period end on any
day other than the last day of a month, interest will accrue
through the last day of the preceding month. If the 90-day period
ends on the last day of a month, interest accrues for that month.
Members in a combat zone may withdraw accrued interest over the
$10,000.00 principal quarterly.
Withdrawals of funds
on deposit may be made in an emergency only when the health or
welfare of a member or dependents would be jeopardized if the
withdrawal were not granted. Emergency withdrawals must be
authorized by the members' commanding officer.
SDP Help
Line:
Toll Free (Stateside
Only): 1-888-332-7411
Commercial:
216-522-5096
DSN:
580-5096
Fax: (Attention SDP):
216-522-5060
E-mail:
CCL-SDP@dfas.mil
