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The Pag-IBIG MP2 Savings Program

If you haven’t heard about it yet, Pag-IBIG MP2 is one of the BEST investments available for Filipinos – consistently providing high returns for a very small amount of risk. The Modified Pag-IBIG 2 (or Pag-IBIG MP2) is a voluntary savings program for members who want to save and earn more compared to the regular savings program.

Highlights of the Pag-IBIG MP2 

Here are some of the key features of the Pag-IBIG MP2 that make it a solid investment:

  • High interest rates: The savings fund has constantly performed well throughout the decade. Participants have been enjoying rates above 5% for multiple years now. Interest rates even reached a high of 8.11% back in 2017, with the latest for 2022 giving a solid return of 7.03%
  • Government-guarantee: The Philippine government guarantees the safety of the participants’ money. If something goes wrong, participants will still receive their principal.
  • No limit: Compared to digital banks, a Pag-IBIG MP2 account doesn’t have a limit. You can put in as much money as you want. Just take note that for contributions above P500,000 you need to do so through a manager’s check.
  • Tax-free dividends: Earnings made from the this are also tax-free.
  • Flexibility: You can choose to deposit one-time or make regular monthly deposits. You can also choose to receive your dividends yearly or have it continually compound throughout the years. During emergencies, you also have the option to withdraw all your funds.

Applying for a Pag-IBIG MP2 account

To be able to apply for a Pag-IBIG MP2 account, you should be one of the following according to the organization:

  • An active Pag-IBIG member with at least one monthly contribution in the last six months
  • A former Pag-IBIG member with other sources of income and has made at least twenty four (24) monthly contributions 
  • A former Pag-IBIG member who has reacquired their citizenship and has made at least twenty four (24) monthly contributions

If you meet the requirements above, the easiest way to get your Pag-IBIG MP2 account is to apply for it online. Here’s how you can do so:

  1. Start your application through this link: https://www.pagibigfundservices.com/MP2Enrollment/ 
  2. Input the your Pag-IBIG Membership number, name, and date of birth.
  3. Specify the amount you want to contribute every month to the Pag-IBIG MP2 fund.
  4. Set your preferences such as how often you want to receive the dividends, what your mode of payment will be contributions, and where the funds will be sourced from.
  5. Afterwards, you should receive your MP2 account number which you’ll use to make your payments.

Making contributions to the Pag-IBIG MP2

There are different ways to invest or make contributions. The easiest way would be to have your employer automatically deduct the funds from your salary. If that isn’t an option, you can also do so through different over-the-counter options. Another easy way to invest in the Pag-IBIG MP2 is to do so through e-wallets. GCash and Maya now allow you to make contributions through their apps, usually through the pay bills feature. Just keep your MP2 account number in hand, since you’ll use this no matter which payment method you use. 

Is investing in this worth it?

The Pag-IBIG MP2 is a solid savings program to join. Aside from the high-interest rates, it’s also somewhat risk-free given that the government guarantees at least the principal. If you’re just starting to invest, this can be a solid starting point for building a diversified portfolio to help you achieve financial freedom. 


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