Check Here the Pag-IBIG MP2 P1000 Savings Table To See How It Works
PAG-IBIG MP2 P1000 SAVINGS – You can check here a guide on how much your money can grow under the 5-year savings facility.
Are you one of the members of the Pag-IBIG Fund? It is best to know that the government entity is not only offering loans for its members now but as well as an option to grow one’s savings even more.
Truth be told that the Pag-IBIG Fund is most popular for the Pag-IBIG loans which include the Housing Loan, the Calamity Loan, and the Multi-Purpose Loan or the MPL. Aside from the loans, the state entity now offers the Pag-IBIG MP2 Savings for members and even pensioners and retirees who want to grow their savings.
The MP2 Savings is a 5-year savings facility program that comes with bigger dividend rates. Here are the qualifications set by the Pag-IBIG Fund in saving under the MP2 Savings?
- active Pag-IBIG Fund members
- 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
While the minimum amount that you can save under the Fund is P500, you may also grow your money by saving P1,000 monthly. Here is a guide on the Pag-IBIG MP2 P1000 Savings based on 7.5% dividend rate:
Annual Dividend Payout
| Annual Dividend Payout | |||||
| Month Covered | Monthly Savings (MS) | Accumulated MS per year | Cumulative Savings | Annual Dividend Payout | Total Accumulated Value TAV) |
| Jan-Dec 2020 | 1,000.00 | 12,000.00 | 12,000.00 | 487.50 | 12,000.00 |
| Jan-Dec 2021 | 1,000.00 | 12,000.00 | 24,000.00 | 1,387.50 | 24,000.00 |
| Jan-Dec 2022 | 1,000.00 | 12,000.00 | 36,000.00 | 2,287.50 | 36,000.00 |
| Jan-Dec 2023 | 1,000.00 | 12,000.00 | 48,000.00 | 3,187.50 | 48,000.00 |
| Jan-Dec 2024 | 1,000.00 | 12,000.00 | 60,000.00 | 4,087.50 | 60,000.00 |
| TOTAL | – | 60,000.00 | – | 11,437.50 | 60,000.00 |
Compounded Savings
| Compounded Savings | |||||
| Month Covered | Monthly Savings (MS) | Accumulated MS per year | Cumulative Savings | Dividend Amount | Total Accumulated Value TAV) |
| Jan-Dec 2020 | 1,000.00 | 12,000.00 | 12,000.00 | 487.50 | 12,487.50 |
| Jan-Dec 2021 | 1,000.00 | 12,000.00 | 24,487.50 | 1,424.06 | 25,911.56 |
| Jan-Dec 2022 | 1,000.00 | 12,000.00 | 37,911.56 | 2,430.87 | 40,342.43 |
| Jan-Dec 2023 | 1,000.00 | 12,000.00 | 52,342.43 | 3,513.18 | 55,855.61 |
| Jan-Dec 2024 | 1,000.00 | 12,000.00 | 67,855.61 | 4,676.67 | 72,532.28 |
| TOTAL | – | 60,000.00 | – | 12,532.28 | 72,532.28 |
Under the savings facility, there are cases when the Fund allows the members or the one who saves to make a withdrawal prior to the 5-year term maturity. You can check the cases when the Pag-IBIG MP2 Savings can be withdrawn.
With regards to the Pag-IBIG MP2 Savings Dividends rates, they are higher than those under the Regular Savings. There are several modes with regards to the payout such as the following:
- Upon full withdrawal of your MP2 Savings after its 5-year maturity period with your MP2 Savings Dividends compounded annually;
- Through annual pay-out with your MP2 Savings Dividends credited to your savings or checking account enrolled in any of Pag-IBIG Fund’s accredited banks.
- For members who opt for an annual dividend payout but have no Philippine bank account, such as in the case of overseas members, their MP2 Savings Dividends shall be released via check.
The Fund does not allow the changing of the dividend payout mode prior to the maturity of the savings. Meanwhile, you can open another MP2 Savings account where you can pick a different dividend payout mode.
If you want to open an account to start growing you money, you can take the easy steps on how to open Pag-IBIG MP2 Savings Account. When time comes that you will process a dividend payout, you may do so either over-the-counter or the Virtual Pag-IBIG.