The MP2 Savings or Modified Pag-IBIG 2 Savings is a special savings facility with a 5-year maturity, designed for Pag-IBIG Fund members who wish to save more and earn even higher dividends, in addition to their Pag-IBIG Regular Savings. This offer is open to all active Pag-IBIG Fund Members and former Pag-IBIG Fund Members with other sources of monthly income and/or Pensioners, regardless of age, with at least 24 monthly savings prior to retirement. (Source)
With a minimum monthly savings of 500.00, you can earn a tax-free dividends, at a rate higher than the dividend rate of the Pag-IBIG Fund Regular Savings Program. You also have a preference if you opt for a one-time savings of a higher amount. For reference, here are the MP2 Savings Dividend Rates over the past nine years according to Pag-IBIG. (Source)
To enroll an MP2 Savings account online, read the 4-easy step quick guide below:
1 Open the MP2 Savings Enrollment link to start the process. Enter the following details:
- Pag-IBIG MID Number (12-digit MID)
- Last Name
- First Name
- Date of Birth (MM/DD/YYYY format)
Enter the code shown on the page for verification, then click the SUBMIT button to continue.
2 To complete the enrollment, enter the following information:
- Desired Monthly Contribution
- Preferred Dividend Payout
- Mode of Payment
- Source of Funds
Desired Monthly Contribution: You can enter the minimum monthly savings of Php 500.00 or your desired higher monthly savings:
Preferred Dividend Payout: Select your preferred dividend payout:
- Annually
- Five-Year (End-Term)
Mode of Payment: Select the mode of Payment:
- Salary Deduction
- Over-the-Counter (OTC)
- Thru any accredited Pag-IBIG Collecting Partners
Source of Funds: Select the source of funds:
- Employment Income
- Savings/Deopsits
- Property Sale
- Sale of Share or Other Investment
- Loan
- Company Sale
- Company Profits/Dividends
- Gift
- Maturity/Surrender of Life Policy
- Other Income Sources
After you have entered all information needed for the enrollment, click the SUBMIT button to proceed.
3 The Enrollment Form in PDF format will be created. You can save and print this form as your copy. Your 12-digit MP2 Account Number is also generated and can be found in the upper right corner of the enrollment form (see sample below).
4 You can start paying for your monthly MP2 savings or a one-time MP2 savings. The start of your 5-year term will start on the day of your first payment.
For the first payment, it is advisable to pay directly to any Pag -IBIG Branch to avoid floating payment. [Author’s Note] However, as an OFW, I tried my first payment using online payment via GCash. I have checked my Pag -IBIG account using Virtual Pag-IBIG and the payment was updated on the account after a few days.
Here is the guide on how to check your Pag-IBIG Savings using Virtual Pag-IBIG:
For online payment of MP2 Savings, you can use GCash and the Pag-IBIG Online Payment.
Good day!
After online enrollment, is your mp2 account number already active or you need to submit the form on pag-ibig branch before first payment? Thank you.
Hello,
Based on my experience, I just kept the MP2 form and tried to pay my first payment (last Jan 2020) online and it was successfully updated in my MP2 savings account upon checking on my virtual Pag-IBIG account. Until now, via online pa rin ako nagbabayad. Payment usually posted to my account minimum of 3 working days.
After enrolment po kase, i checked if my new 2nd account number is already posted undee mp2 savings account via virtual pag-ibig but wala pa po. I’m just worried if okay lang na mag 1st payment kahit di pa posted yung mp2 account number sa online account.
yun sa akin, nagpost ln un MP2 account ko after nun first payment ko (un minimum na 500 pesos). nagtry din ako ng 2nd account, pero hindi ko pa nahuhulugan, di rin nag-update sa online account ko. so, sa tingin ko mag-aappear ln un account after first payment.
Okay po. Try ko na lang din po mag 1st payment ng 500. Thank you so much for being responsive.
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I kept on seeing the note: “The data you have provided does not match with our records. Please contact the Pag-IBIG Branch nearest you.” I already have virtual account and seems the system cannot recognize my data and as a result I also cannot enroll in MP2 savings online. Hoping for your assistance please. Thank you.
Hi, try to send an email to PagIBIG, [email protected], within a day nagrereply naman sila… 4 na info ln naman ininput sa MP2: MID number, first name, last name at bday… but in virtual account we cannot check the birthdate save on our data profile, maybe typo error in one of the entries!? Not sure, i suggest its better to clarify to them your concern via email.
Thank you for the speedy response 🙂
Hi po, ako po ay isang college student at wala pang pag-ibig account. Kailangangan ko pa bang mag open ng regular pag-ibig account para magka MP2?
Oo, kailangan mo muna magopen ng regular PagIbig account… 200 pesos ang monthly contributions ng regular.. kapag meron ka na PagIbIG number, pwede ka na magopen ng MP2 kung saan ang minimum naman ay 500.
I kept on seeing the note: “The data you have provided does not match with our records. Please contact the Pag-IBIG Branch nearest you.” I already have virtual account and seems the system cannot recognize my data and as a result I also cannot enroll in MP2 savings online. Hoping for your assistance please. Thank you.
Hi, did you work in other companies before? Maybe you have an old PagIBIG details which was done by your previous employers before.
Like in my case, I have an old PagIBIG number on their system, so what they did is to consolidate my old and new number. Try to check yours by sending an email to them at [email protected]
If you have an old record on the system, they will ask you to fillout a consolidation form. Then they will combine your details, then you can apply for MP2.
But for any other reason, just contact PagIBIG in same email address above.
Hi po. Ask ko lang how many months bago magkaltas sa salary? Nagapply po kasi ako online ang pinili ko po sd. Pero untill now wala pa pong nadededuct sakin. Last december pa po ako nagapply. Ty
aware po ba ang HR/company ninyo na magiging salary deduction ang payment nyo para sa MP2?
Check nyo din un P1 o un regular contributions/savings nyo, kasi baka po dun nailalagay instead na sa MP2 account nyo.
I suggest po, ask nyo sa naka-assign sa company nyo kung paano magiging arrangement ng salary deduction for your MP2 savings.