The MP2 Savings is a special savings facility with a 5-year maturity, designed for Pag-IBIG Fund members
who wish to save more and earn even higher dividends, in addition to their Pag-IBIG Regular Savings.
The program is also open to pensioners and retirees who were former Pag-IBIG Fund members.
Read more below to learn more about your Pag-IBIG MP2 Savings!


Pag-IBIG Fund sets aside at least seventy percent (70%) of its annual net income and credits it proportionately to its members’ Pag-IBIG Savings as dividends. This means that the more one has saved, the higher dividends that member shall earn.

Pag-IBIG Fund invests at least 70% of its investible funds in housing finance, as required by its Charter. It also invests in government securities and corporate bonds.

The Pag-IBIG MP2 Savings, being a voluntary program, earns a higher dividend rate than the mandatory Pag-IBIG Regular Savings. Here are the MP2 Savings Dividend Rates since 2011.

Year MP2 Savings Dividend Rate
2021 6.00%
2020 6.12%
2019 7.23%
2018 7.41%
2017 8.11%
2016 7.43%
2015 5.34%
2014 4.69%
2013 4.58%
2012 4.67%
2011 4.63%
STEP 1
Create your MP2 Savings Account through the following options:
- via Virtual Pag-IBIG (click here)
- by submitting your duly accomplished MP2 Enrollment Form and the corresponding requirements at any Pag-IBIG Fund branch.
STEP 2
Save in the MP2 using the following payment channels:
- Virtual Pag-IBIG (click here)
- Accredited Collecting Partners (click here)
1What is the Modified Pag-IBIG 2 or MP2 Savings?

The Modified Pag-IBIG II (Pag-IBIG MP2) Savings Program is a special voluntary savings facility with a 5-year maturity, designed for active Pag-IBIG Fund members who wish to save more and earn higher dividends, in addition to their Pag-IBIG Regular Savings.

2What are the key features of the MP2 Savings Program?

Here are its key features:

  • Easy to save as members can save for only a minimum of P500 per remittance.
  • Earns higher dividends than the Pag-IBIG Regular Savings
  • Dividends are tax-free and can be withdrawn annually or after the 5-year maturity
  • MP2 Savings are government-guaranteed
3Who can save in the MP2 Savings?

The MP2 Savings is open to active* Pag-IBIG Fund members.

It is also open to:

  • 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.
*members with at least one (1) monthly savings (contribution) within the last six (6) months.
4How can I open an MP2 Savings account?

You can open an MP2 Savings account safely and conveniently, online via Virtual Pag-IBIG. Once you are issued an MP2 Savings account number, you can start saving!

You may also opt to open an MP2 Savings account at any Pag-IBIG Fund branch by accomplishing and submitting the MP2 Savings Enrolment Form, which you may download by clicking PFF226_ModifiedPagIBIGIIEnrollmentForm_V05.pdf (pagibigfund.gov.ph)

5Is there a minimum amount that I should save in the MP2 Savings?

Yes. The minimum MP2 savings is PhP500 per remittance.

6Can I remit a one-time lump sum amount for the MP2 Savings 5-year period?

Yes. You may choose to remit a one-time lump sum amount for the whole 5-year period of your MP2 Savings.

7Is there a limit to the amount that I can save in the MP2 Savings?

There is no limit. You can save as much as you want under MP2. However, should you make a onetime savings that exceeds P500,000.00, you shall be required to make such remittance via personal or Manager’s Check.

Also, members with MP2 Savings of above P100,000.00 shall be required to submit proof of income or source/s of funds, based on the checklist found in the MP2 Savings Enrolment Form, which you may download by clicking PFF226_ModifiedPagIBIGIIEnrollmentForm_V05.pdf (pagibigfund.gov.ph)

8How do I save in the MP2 Savings?

Here are the many ways you can save in the MP2

  1. Salary deduction, for those who are employed. Save in the MP2 through your employer who may deduct from your salary your monthly MP2 Savings which they shall then remitto Pag-IBIG Fund.
  2. Online remittance, via:

    • Virtual Pag-IBIG at www.pagibigfundservices.com/virtualpagibig using your PayMaya eWallet, GCash eWallet or any debit or credit card powered by Visa, Mastercard or JCB,
    • Authorized online payment channels which include:
      • GCash
      • Moneygment App via Cashpinas
      • Coins.ph via Bayad
      • PayMaya
    • Over-the-counter (OTC) remittance, at:

      • Any Pag-IBIG Fund branch
      • Authorized collecting partners’ outlets or branches here in the Philippines, which include
        • Asia United Bank
        • Robinsons Bank
        • United Coconut Planters’ Bank
        • SM Business Centers
        • Bayad
        • M. Lhuillier
        • ECPay accredited merchants
      • Authorized collecting partners’ outlets or branches overseas, which include
        • Philippine National Bank
        • Asia United Bank
        • IRemit powered merchants
        • Ventaja powered merchants
        • Cashpinas powered merchants
9Can I open more than one MP2 Savings Account?

Yes. You may open and maintain multiple MP2 Savings accounts.

10How much dividends will my MP2 Savings earn?

Your MP2 Savings earn annual dividends at a rate higher than the dividend rate of the Pag-IBIG Regular Savings Program.

Pag-IBIG Fund sets aside at least seventy percent (70%) of its annual net income and credits it proportionately to its members’ Pag-IBIG Savings as dividends. This means that the more you save, the higher dividends you shall earn

11 Can I view my MP2 Savings records online?

Yes! You can view your MP2 Savings online, via Virtual Pag-IBIG. Simply create your Virtual PagIBIG account for you to view your MP2 Savings, including the annual dividends you hav

12Where does Pag-IBIG Fund invest my money?

Pag-IBIG Fund invests at least 70% of its investible funds in housing finance, as required by its Charter. It also invests in government securities and corporate bond.

13When can I receive my MP2 Savings Dividends?

You can choose to receive your MP2 Savings Dividends via the following options:

  • 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.
14Can I change my dividend payout mode before the maturity of my MP2 Savings?

No. The dividend payout mode you choose upon your MP2 Savings application is fixed and shall be your payout mode during the 5-year savings period. You may, however, open another MP2 Savings account where you can choose your preferred dividend payout mode

15Are my MP2 Savings guaranteed?

Yes, your MP2 Savings are government-guaranteed. Its annual dividends, on the other hand, depends on Pag-IBIG Fund’s financial performance.

16How can I claim my MP2 Savings?

You may now claim your MP2 Savings after its 5-year maturity, online, via the Virtual Pag-IBIG. Just visit Virtual Pag-IBIG by clicking https://www.pagibigfundservices.com/virtualpagibig/BenefitClaimsReminder.aspx?reason=A0077 3C6E2F65AEA.

You may also opt to claim your MP2 Savings over-the-counter. Download and accomplish the Application for Provident Benefits (APB) form found here, https://www.pagibigfundservices.com/virtualpagibig/BenefitClaimsReminder.aspx?reason=A0077 3C6E2F65AEA, and submit it to the nearest Pag-IBIG Fund branch.

17What dividend rate will my MP2 Savings have for its 5th and final year, when it matures before the dividend rate for that year is determined?

The dividend rate for your MP2 Savings on its 5th and final year shall be the dividend rate declared from the previous year or the latest available declared dividend rate. This shall allow you to earn dividends on your MP2 Savings for its entire 5-year period.

18What will happen to my MP2 Savings if it is not claimed after it matures?

MP2 savings which are unclaimed afterits 5-year maturity will stop earning dividends under the MP2 Savings rate. It will however, keep earning dividends, based on the dividend rate of the Pag-IBIG Regular Savings for the next 2 years. After which, it shall stop earning dividends

19Can I withdraw my MP2 savings before its 5-year maturity

Yes. You may pre-terminate and withdraw your MP2 Savings prior to its 5-year maturity, based on the following reasons:

  • For active Pag-IBIG members:
    • Total disability or insanity
    • Termination from employment due to health reasons
    • Retirement
    • Permanent migration to another country
    • Unemployment due to layoff or company closure
    • OFW repatriation from the host country
    • Death of the MP2 account holder, with the MP2 Savings to be received by the member’s beneficiaries
    • Critical illness of the MP2 account holder or an immediate family member, certified
    • by a licensed physician, and subject to approval by Pag-IBIG Fund

    • Other meritorious grounds as may be approved by the Pag-IBIG Fund Board of Trustees

  • For Retirees and/or Pensioners:
    • Total disability or insanity
    • Death of the MP2 account holder, with the MP2 Savings to be received by the member’s beneficiaries
    • Critical illness of the MP2 account holder or an immediate family member, certified by a licensed physician, and subject to approval by Pag-IBIG Fund
    • Other meritorious grounds as may be approved by the Pag-IBIG Fund Board of Trustees

  • For members with compounded dividend payout on their MP2 Savings
    • Principal MP2 Savings;
    • 50% of the total dividends earned from prior years; and
    • 50% of the dividends for the current year, which shall be released after the dividends for the said year have been declared and credited.

  • For MP2 Savings with annual dividend payouts
    • Principal MP2 Savings, with 50% of the total dividends received from prior years to be deducted from proceeds; and
    • 50% of the dividends for the current year, which shall be released after the dividends for the said year have been declared and credited.
20Can I re-apply for a new MP2 Savings account once it matures?

Yes. Once your MP2 Savings reach the 5-year maturity period, you may re-apply for a new MP2 Savings account.

21Where can I read more about the MP2 Savings Program?

To know more about the MP2 Savings Program, you may download Pag-IBIG Fund Circular No. 407, Amended Guidelines on the Modified Pag-IBIG II (MP2) Membership Program by clicking here.




See computations below on how your MP2 Savings may grow!

*based on a 7.5% dividend rate

FOR PHP500 MONTHLY SAVINGS
Annual Dividend Payout
Month Covered Monthly Savings (MS) Accumulated MS per year Cumulative Savings Annual Dividend Payout Total Accumulated Value TAV)
Jan-Dec 2020 500.00 6,000.00 6,000.00 243.75 6,000.00
Jan-Dec 2021 500.00 6,000.00 12,000.00 693.75 12,000.00
Jan-Dec 2022 500.00 6,000.00 18,000.00 1,143.75 18,000.00
Jan-Dec 2023 500.00 6,000.00 24,000.00 1,593.75 24,000.00
Jan-Dec 2024 500.00 6,000.00 30,000.00 2,043.75 30,000.00
TOTAL - 30,000.00 - 5,718.75 30,000.00

Compounded Savings
Month Covered Monthly Savings (MS) Accumulated MS per year Cumulative Savings Dividend Amount Total Accumulated Value TAV)
Jan-Dec 2020 500.00 6,000.00 6,000.00 243.75 6,243.75
Jan-Dec 2021 500.00 6,000.00 12,243.75 712.03 12,955.78
Jan-Dec 2022 500.00 6,000.00 18,955.78 1,215.43 20,171.21
Jan-Dec 2023 500.00 6,000.00 26,171.21 1,756.59 27,927.81
Jan-Dec 2024 500.00 6,000.00 33,927.81 2,338.34 36,266.14
TOTAL - 30,000.00 - 6,266.14 36,266.14

PHP1,000 MONTHLY SAVINGS
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
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

PHP1MILLION (ONE-TIME SAVINGS)
Annual Dividend Payout
Month Covered Monthly Savings (MS) Accumulated MS per year Cumulative Savings Annual Dividend Payout Total Accumulated Value TAV)
Jan-Dec 2020 1,000,000.00 1,000,000.00 1,000,000.00 75,000.00 1,000,000.00
Jan-Dec 2021 0.00 0.00 1,000,000.00 75,000.00 1,000,000.00
Jan-Dec 2022 0.00 0.00 1,000,000.00 75,000.00 1,000,000.00
Jan-Dec 2023 0.00 0.00 1,000,000.00 75,000.00 1,000,000.00
Jan-Dec 2024 0.00 0.00 1,000,000.00 75,000.00 1,000,000.00
TOTAL - 1,000,000.00 - 375,000.00 1,000,000.00

Compounded Savings
Month Covered Monthly Savings (MS) Accumulated MS per year Cumulative Savings Dividend Amount Total Accumulated Value TAV)
Jan-Dec 2020 1,000,000.00 1,000,000.00 1,000,000.00 75,000.00 1,075,000.00
Jan-Dec 2021 0.00 0.00 1,075,000.00 80,625.00 1,155,625.00
Jan-Dec 2022 0.00 0.00 1,155,625.00 86,671.88 1,242,296.88
Jan-Dec 2023 0.00 0.00 1,242,296.88 93,172.27 1,335,469.14
Jan-Dec 2024 0.00 0.00 1,335,469.14 100,160.19 1,435,629.33
TOTAL - 1,000,000.00 - 435,629.33 1,435,629.33