Working in the United States Military is a privilege and an honor, and there are a lot of associated choices that are available to those that choose to enlist. Today the modern US Military provides a number of benefits and training opportunities, and there are different allotment and savings choices that are available. One of the choices that you have as you settle into enlisted life after Basic training is to decide on your allotment and resources that you receive as pay and benefits. A wise choice that many Servicemembers choose is the U.S. Savings Bond program.
Enlisted Servicemembers can set up different allotments, or payments to
take care of bills, or to set money aside for savings using the military
allotment system. As a military active duty Servicemember, in the
United States Armed Forces, you can choose to set aside a portion of
your pay and allowances in the form of an allotment, to put aside in
savings some of what you earn. Bonds can be purchased through your
allotments, or you can choose to purchase them on your own using
electronic Internet based methods. If you choose to purchase a U.S.
Saving Bond you are directly supporting the efforts of our nation by
reinvesting some of your own personal hard earned pay. To set up a
purchase account for U.S. Savings bonds is easy. It is a program that
has been tweaked and undergone a great deal of adjustment and change
over the last couple of decades, and it is because of those different
changes that makes the system attractive for enlisted people to set
aside money in.
When Savings Bonds mature, you can cash them out and direct the money
into an account. While bonds carry a lower interest rate they are some
of the safest investments that there are. With the advent of computers
the Savings They carry little or no risk, and they are backed by the
full guarantee of the United States Government. You can choose to set
aside money every month using an allotment to purchase bonds, or set up a
savings bond account to automatically debit a bank account or credit
union checking or savings account at the same time every month.