Guide on MP2 Savings Program for Qualified Members
MP2 SAVINGS – Here is a guide on how to grow your money through the Modified Pag-IBIG 2 Savings program offer for members.
The Pag-IBIG Fund, one of the biggest government agencies in the Philippines, has a variety of offers for its members. Nowadays, millions of people are benefitting from the offers of this giant state institution.
While the Fund is most popular for its Pag-IBIG Housing Loan offer, it does not only offer loans now but as well as a savings program that can help its members grow their savings. A lot of people now are into saving and growing their money instead of saving it alone or keeping it in a bank where it may only earn very little interest — which might be lower than the bank charges if you happened to withdraw it with corresponding fees.
The savings program offered by the Pag-IBIG Fund to its members is the MP2 Savings. It is a special voluntary savings program that come with a 5-year maturity. The member can take the earned dividends annually or take it in full after five (5) years.
The savings program has several key features including the low minimum savings remittance which is as low as P500 only per remittance. You can earn huge dividends based on the amount you save.
Furthermore, the dividends are tax free and guaranteed by the government. The Fund has set minimum and maximum loanable amounts under the Pag-IBIG savings program.
Who may grow their money under the MP2 savings program? This facility is open for natural-born Filipinos who have posted at least 24 monthly savings to the Pag-IBIG Fund as well as former members of the Fund.
To open a savings account, you can convenient do it through the Pag-IBIG Virtual. Once you have been issued an account, you can start saving right away. With regards to how to withdraw from Pag IBIG MP2, it is also very easy.