For as low as PhP 500, you can save and invest your hard-earned money with Pag-IBIG MP2 Savings Program of Pag-IBIG HDMF. The MP2 Savings or Modified Pag-IBIG 2 Savings is a voluntary program and a special savings facility with a 5-year maturity offered by Pag-IBIG to their members.
Since this is a voluntary savings, you don’t have to pay on a monthly basis and just save whenever you have money to set aside for this program. But, the rule here is, if you save early, the dividend will be higher. And if you save a higher amount, you will receive more earnings till maturity.
- Who can apply or enroll in this program?
- How much do I need to invest?
- How can I earn with my MP2 Savings?
- Where do Pag-IBIG invest the MP2 Fund?
- How to enroll and have an MP2 Savings Account?
- How to pay for your MP2 Savings?
- How to check your MP2 Savings online?
- How to compute for MP2 dividend and earnings?
Who can apply or enroll in this program?
- Open to all active Pag-IBIG Fund Members members with at least one (1) monthly savings (contribution) within the last six (6) months, but you must continue paying your Regular Savings or P1 which is P200 per month (Source)
- Former Pag-IBIG Fund members (pensioners and retirees) with other sources of monthly income, regardless of age, and with at least 24 monthly savings prior to retirement
- Natural Born Filipinos, who reacquired their Filipino Citizenship pursuant to RA 9225 or the Citizenship Retention and Reacquisition Act of 2003, with at least 24 monthly savings prior to permanent migration to another country
How much do I need to invest?
You can invest for as low as P500 per transfer or remittance. You can add and save any amount you want to put aside for this savings program and not necessarily every month.
For those who want to do a one time savings above P500,000.00, you will be required to make such remittance via personal or Manager’s Check and visit any Pag-IBIG branch to complete the payment process.
While, for members with MP2 Savings of above P100, 000.00, you are required to submit proof of income or source/s of funds, based on the checklist found in the MP2 Savings Enrolment Form.
How can I earn with my MP2 Savings?
MP2 Savings have higher dividends compared to P1 or the Regular Savings. The dividends are tax-free and computed annually based on the performance of Pag-IBIG investments. The dividend will be reflected on your account every year and you have an option to withdraw it annually or after the 5-years maturity. Historically, here are the MP2 Savings Dividend Rates from 2011. (Source)
| Year | MP2 Savings Dividend Rate |
| 2021 | 6.00% |
| 2020 | 6.12% |
| 2019 | 7.23% |
| 2018 | 7.41% |
| 2017 | 8.11% |
| 2016 | 7.43% |
| 2015 | 5.34% |
| 2014 | 4.69% |
| 2013 | 4.58% |
| 2012 | 4.67% |
| 2011 | 4.63% |
Where do Pag-IBIG invest the MP2 Fund?
As a mandate, Pag-IBIG is committed to provide Fund members with adequate housing through an effective savings scheme. With this, Pag-IBIG Fund invests at least 70% of its investible funds in housing finance. Aside from it, Pag-IBIG also invests in government securities and corporate bonds.
How to enroll and have an MP2 Savings Account?
You can enroll and have an MP2 Savings Account online via Virtual Pag-IBIG website or proceed directly to this Pag-IBIG MP2 Enrollment link.
Once you are in the Virtual Pag-IBIG website, click Be a Member tab and select Apply for MP2 button to open the enrollment page.
A new page will open which is the MP2 Savings Enrollment form. Enter the following details as required for the application:
- Pag-IBIG MID Number - This is your permanent Pag-IBIG Number that you use in your Regular Savings or Contributions (P1).
- Last Name
- First Name
- Date of Birth
Then, enter the captcha code displayed below the form and press Submit button. For the complete guide on how to enroll an MP2 Savings Account, here is the guide:
If you are not a Pag-IBIG Member yet, you can apply for membership online via this link. Or you can read the guide below to know the process of Online Pag-IBIG Membership Registration.
You can pay your MP2 Savings either over-the-counter or online payment. Some payment center offers Pag-IBIG payment such as Bayad Center, SM and Robinsons Business Center and many more. You can also pay to any Pag-IBIG branch near you. But for easy and convenient way to pay your MP2 Savings is via online. Here are online payment options that you can use:
- Pag-IBIG Online Payment Facility
- E-Wallets
- Online Bank/Digital Bank
How to check your MP2 Savings Online?
To have an access to your Pag-IBIG Savings and Services, you need to create a Virtual Pag-IBIG account. To create an account, go to Virtual Pag-IBIG website again and click Create Account button.
There are three options to create a Virtual Pag-IBIG account:
Once your account has been activated, you can login to your account via Virtual Pag-IBIG website too, just tap the Login button to open the login menu. Enter your registered email address and password and click Log In to access your Pag-IBIG account.
Here is the main dashboard of Virtual Pag-IBIG account. To view your savings, just click the products on the left side menu.
Here is a sample MP2 Savings account. If you just enroll for an MP2 account, the MP2 Number will only be displayed in your account after your first payment. As you can see here, a payment of PhP 500 has been added to the account as first payment.
How to compute for MP2 dividend and earnings?
Here is an actual MP2 Savings account with savings or payments and the dividend accrued in the year 2020. The declared dividend for the year 2020 is 6.12%. As you can see, savings are made every month and in different amounts for a minimum of P500. But, as mentioned above, it is NOT necessary to pay on a monthly basis.
To check the computation of the dividend received, see the table below. As declared, the dividend rate for 2020 was 6.12%. As you can notice, the monthly savings range from P500 to P1500 and paid on a monthly basis. And in the third column, it is the accumulated amount each month, which is equal to the current month’s savings plus the accumulated amount from previous months. The purpose of the 3rd column or the accumulated amount is only for computing the average accumulated amount per month.
So for the year 2020 of the above MP2 Savings with a total savings amount of PhP 12,000, you will receive a dividend of Php 351.90 for that year. This means, you earn PhP 351.90 for the PhP 12,000 total savings. Please note that this is only for the first year of the MP2 Savings and it will still earn more until maturity after 5 years.
Let say, you continue your MP2 savings with P1000 per month payment (P 12,000 per year). So after 5 years, assuming the dividend rate is still same (6.12%), your savings will earn 9,996.80. So with total savings of 60,000 after 5 years, the total accumulated value of your money is 69, 996.80.
What if instead of monthly savings of 1,000, I save one-time payment of PhP 60,000 at the start of 2020? How much dividend I will receive?
For a one-time payment of PhP 60,000 on January 2020 with a dividend rate of 6.12%, here is the computation for dividend for that year alone:
Dividend for 2020 = P 60,000 x 6.12% x 1 (year)
Dividend for 2020 = P 3,672.00
This is only for your 1st year. For the succeeding years, the principal amount plus the dividend earned each year will earn a dividend also, so after 5 years:
Total dividend after 5 years maturity = PhP 20,749.06
It means your PhP 60,000 savings earn PhP 20,749.06 after 5 years. Now your total accumulated value is 80,749.06.
So, you will notice that you will earn more if you pay a one-time payment compared to monthly payments with the same total amount. But, it does not matter, as long as you save money and earn from it by investing in the MP2 Savings Program.
Keypoints and Takeaways
- MP2 Savings is a voluntary and special savings program of Pag-IBIG
- MP2 Savings has higher dividend compared to Pag-IBIG Regular Savings (P1)
- MP2 Savings and earned dividend is tax-free and government guaranteed investment
- The earlier you save money in MP2, the higher dividend you will receive
- The higher amount you save in MP2, you can save more and receive higher earning
- But, as long as you save and invest in MP2, your money will earn after 5 years maturity
Happy Savings!