According to economic forecasts, the Philippines may encounter a recession by late 2023, making it more vital than ever for Filipinos to protect their hard-earned money. That's where the MP2 Savings Program offered by Pag-IBIG comes into play.

The MP2 Savings program helps you grow your savings while enjoying competitive returns. It aims to generate higher earnings than regular savings accounts, making it an appealing option for those who want to make the most of their money.

Today's the time to seize control of your financial future by enrolling in the Pag-IBIG MP2 Savings Program. In this comprehensive guide, you'll walk through the seamless process of how to apply for the savings program to kick-start your investment journey.

The Pag-IBIG MP2 Savings Program is a government-backed investment scheme in the Philippines that allows individuals to grow their savings with competitive returns through the following features.

• Higher dividend rates
  The program places your funds in various income-generating projects and investments that yield higher returns. 
• Flexible investment options
  You can select your desired savings amount and contribution frequency according to your financial circumstances and objectives.
• Shorter investment terms
  With a five-year maturity period, the Pag-IBIG MP2 Savings Program allows you to reach your financial objectives faster than other long-term investing options. 
• Tax-free dividends
  The earnings or dividends generated from the program are tax-exempted, allowing you to maximize returns without the burden of additional tax obligations.
• Guaranteed earnings
  The program guarantees a dividend rate higher than the typical Pag-IBIG deposits, so you’re sure of a steady and competitive return on investment.

1. Go to the virtual Pag-IBIG MP2 enrollment page.
2. Provide your Pag-IBIG Membership ID (MID) number and other personal information.
3. Enter the “CAPTCHA code” and click “Submit.”
4. Fill in the Desired Monthly Contribution field with your preferred monthly amount.
5. Choose your preferred option from the following:
   • Dividend payout
   • Payment mode
   • Source of funds
6. Click “Submit.”
7. Your completed enrollment form, including your 12-digit MP2 savings account number, will be displayed. Save it as a PDF or print it for reference.

1. Visit any Pag-IBIG branch near you.
2. Request an MP2 Enrollment Form from the Pag-IBIG officer or download it from the official Pag-IBIG website.
3. Fill out the MP2 Enrollment Form with your personal information, including your Pag-IBIG MID number.
4. Indicate the desired monthly contribution amount.
5. Choose your preferred options for dividend payout and payment mode.
6. Submit the completed enrollment form along with the following Pag-IBIG MP2 requirements:
   • Photocopy of a valid government-issued ID (e.g., passport, driver's license, etc.)
   • Proof of income (e.g., payslip, certificate of employment, etc.)
7. Pay the initial contribution as specified by the Pag-IBIG officer.
8. Keep a copy of your MP2 Enrollment Form and the receipt as proof of enrollment.

Verify the Pag-IBIG MP2 requirements and process with the branch near you, as they may vary.

• Salary Deduction - This is available for employed members whose employers are in the Pag-IBIG MP2 Salary Deduction Program.
• Over-the-Counter Payment - Visit any Pag-IBIG branch or accredited payment centers to make cash or check payments.
• Online Payment Channels - There are various online payment channels available, including:
  • GCash
  • Coins.ph
  • Moneygment
  • Other online payment facilities
    • Maya, Visa, Mastercard, and JCB credit cards
• Online Banking - Check with your bank if they offer Pag-IBIG MP2 payment services through their online banking platform.

• Existing Pag-IBIG Fund members
  All active Pag-IBIG members, whether local or overseas workers, can apply for the MP2 Savings Program. This includes voluntary, mandatory, and self-employed members.
• New members
  Individuals not yet Pag-IBIG Fund members can enroll in the regular Pag-IBIG program and apply for the MP2 Savings Program.

Visit the official Pag-IBIG Fund website or contact customer service for the most accurate and up-to-date information regarding eligibility requirements, payment channels, and availability.

1. Is there a minimum amount required for savings under the MP2 program?
   The minimum amount for MP2 savings is ₱500. Conveniently, you can use your GCash app to pay for your MP2 contributions for hassle-free payments.
2. Can I make withdrawals from my Pag-IBIG MP2 savings?
   You can withdraw your MP2 Savings before maturity under the following circumstances:
   • Total disability or insanity
   • Separation from service due to health reasons
   • Death of the member or immediate family member
   • Retirement (except for when the MP2 Saver is already a retiree)
   • Permanent departure from the country
   • Distressed member due to unemployment (layoff or company closure)
   • Critical illness of the member or immediate family member, certified by a licensed physician and approved by Pag-IBIG Fund
   • Repatriation of an Overseas Filipino Worker member
   • Other approved meritorious grounds by Pag-IBIG Fund
3. How much dividends can I expect to earn on my MP2 savings?
   Your savings are from at least 70% of the Pag-IBIG Fund's annual net income. In 2022, the dividend rate was at 7.03%.
4. When will I receive the dividends from my MP2 savings?
   You have two options for receiving your MP2 Dividends:
   1. Upon its five-year maturity, with your dividends compounded.
   2. Annually, with your dividends credited to your savings or checking account with several banks:
      • Land Bank of the Philippines (LBP)
      • Development Bank of the Philippines (DBP)
      • Other banks accredited by the Pag-IBIG Fund in the future
   Members without a Philippine bank account, such as overseas members, will receive their MP2 Dividends via a check payable to the MP2 Saver.
5. Can I apply for a new MP2 savings account after my current MP2 savings matures?
   Certainly. After your MP2 Savings reaches the five-year maturity, you can apply for a new Pag-IBIG MP2 Savings Account.
6. Am I allowed to have multiple MP2 savings accounts?
   Yes, you can open multiple MP2 Savings Accounts.
7. How does Pag-IBIG invest the funds from the MP2 program?
   Pag-IBIG Fund abides by its Charter and invests a minimum of 70% of its investible funds in housing finance. Pag-IBIG MP2 risk is practically unheard of as it utilizes its funds for Short Term Loan Programs and invests in government securities, time deposits, and corporate bonds.

The Pag-IBIG MP2 savings program is a game-changer for individuals seeking to secure their financial future. With higher dividends, flexible investment options, shorter terms, and tax-free earnings, it offers an unparalleled opportunity for growth. Pag-IBIG Fund's commitment to secure investments, including housing finance and diverse investment portfolios, ensures the stability and profitability of your savings.

Don't miss out on this chance to take control of your financial future. Enroll in the MP2 savings program today! Visit the Pag-IBIG Fund website or contact your nearest branch.