Pag-IBIG MP2 P1 Million Savings — A Table Guide on How Much Your Money Can Grow

Check Here the Pag-IBIG MP2 P500 Savings Table To See How It Works

PAG-IBIG MP2 P500 SAVINGS – You can check here a guide on how much your money can grow under the 5-year savings facility.

In the government, employees are mandated to maintain an active membership to some state entities including the Pag-IBIG Fund. In the case of most employees of the private sector, the same thing is required by the employers. It is usually for the reason of widening the resources of the employees.

Pag-IBIG MP2 P1 Million Savings

How does a Pag-IBIG Fund membership widens the resources of the members? It is no secret to the public that there are several Pag-IBIG loans that members may apply for. Aside from the financial solutions, the Fund may also help the members grow their money through the Pag-IBIG MP2 Savings.

Pag-IBIG Fund
Photo Credit: JustPayroll

The Pag-IBIG MP2 Savings is a five-year savings facility with higher dividend rates compared with the Regular Savings. Here is a list of who may save under this savings facility:

  • 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

Are you interested to save P1 million and see how your savings can grow? Here is a guide on the Pag-IBIG MP2 P1 Million Savings table based on 7.5% dividend rate:

Annual Dividend Payout
Month CoveredMonthly Savings (MS)Accumulated MS per yearCumulative SavingsAnnual Dividend PayoutTotal Accumulated Value TAV)
Jan-Dec 20201,000,000.001,000,000.001,000,000.0075,000.001,000,000.00
Jan-Dec 20210.000.001,000,000.0075,000.001,000,000.00
Jan-Dec 20220.000.001,000,000.0075,000.001,000,000.00
Jan-Dec 20230.000.001,000,000.0075,000.001,000,000.00
Jan-Dec 20240.000.001,000,000.0075,000.001,000,000.00
TOTAL1,000,000.00375,000.001,000,000.00
Compounded Savings
Month CoveredMonthly Savings (MS)Accumulated MS per yearCumulative SavingsDividend AmountTotal Accumulated Value TAV)
Jan-Dec 20201,000,000.001,000,000.001,000,000.0075,000.001,075,000.00
Jan-Dec 20210.000.001,075,000.0080,625.001,155,625.00
Jan-Dec 20220.000.001,155,625.0086,671.881,242,296.88
Jan-Dec 20230.000.001,242,296.8893,172.271,335,469.14
Jan-Dec 20240.000.001,335,469.14100,160.191,435,629.33
TOTAL1,000,000.00435,629.331,435,629.33
The Pag-IBIG MP2 Savings dividends rates are higher compared with the dividend rates under the Pag-IBIG regular savings. Here are the options with regards to the payout:
  • 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.

Are you interested to start growing your savings? You can check the easy steps on how to open a Pag-IBIG MP2 Savings Account.

With regards to the possibility of being allowed to withdraw prior to the maturity of the five-year savings term, there are cases when the Pag-IBIG MP2 Savings can be withdrawn.

To claim your dividend payout, you need to accomplish the Application for Provident Benefits (APB) Form. You can process it through any of the following:

  • via the Virtual Pag-IBIG
  • via over-the-counter

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