Why invest in MP2 Pag-IBIG Savings Program?

If you have read my previous blog, you might be already interested in MP2 Pag-IBIG Savings Program. When I randomly found this on YouTube, I immediately spent hours researching about it and after two days, I already registered and sent my first savings.

Before you register, hold up your excitement and know why it is a good idea to save in MP2 Pag-IBIG Savings Program. We don’t only look at the dividends but we also have to dig where it yields from and whether it will last for long. Read on below:

Tax-free
Unlike bank savings deposit and other savings program, your principal savings and dividends are tax-free. After an annual or 5-year maturity, a portion of your money won’t go for taxes. Clean!

Safe and secure
The Philippine Government guarantees your savings. You don’t worry because whatever might happen to Pag-IBIG, the government shall give back the principal amount of your savings.

Affordable
Unlike other investments, you don’t have to shed tens of thousands of pesos to have an account with MP2. You only need to save a minimum of PhP 500 per remittance. If you’re an OFW in Dubai, that’s only a cost of a fast food meal or a taxi ride.

Flexible
Although frequent savings is advisable, you are not required to save in MP2 monthly. You may only save when you can.

Higher returns or dividends
MP2 Savings has an average of 7% dividend which is much higher than banks.

Multiple accounts is allowed
When the account matures, you can open another account in MP2.

Roof-proof
Pag-IBIG invests 70% of its fund in housing loans. It is something secure because having a shelter is a basic need. Even amidst the pandemic, loaners would always find ways to pay their loans to retain their houses. This way, we can really be certain that MP2 is built in the ground and will even grow through the years.


Have you considered saving in MP2? Tell me more on the comments section below.

Published by MM in Dubai

MM in Dubai is a SPED teacher by profession. She is currently a Copywriter, Content Writer, and Blogger based in Dubai United Arab Emirates.

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