Check Here the Pag-IBIG MP2 Savings Table for Members
PAG-IBIG MP2 SAVINGS TABLE – If you will save P1,000.00 monthly under this savings facility, here’s how much you will get.
Are you a member of the Pag-IBIG Fund? It’s worth knowing that aside from the loan offers of this state-run institution, it also now offers a way for members to grow their savings even more. Who wouldn’t like their money to grow while safekeeping it?
The Pag-IBIG Fund is widely recognized for its loan programs most especially the Pag-IBIG Housing Loan, the Pag-IBIG Calamity Loan, and the Pag-IBIG Multi-Purpose Loan (MPL). But beyond these, it also provides the Pag-IBIG MP2 Savings.
The Pag-IBIG MP2 Savings is a facility that is open not only to members of the Fund but also to pensioners and retirees who want to maximize their savings. Below, you can check the Pag-IBIG MP2 Savings Table if you choose to save P1,000.00 monthly.
The Pag-IBIG MP2 Savings is a five-year program that comes with higher dividend rates. Here are the qualifications for those who want to save under this program:
- Active Pag-IBIG Fund members
- Former members (pensioners and retirees) with other sources of monthly income, regardless of age, provided they have at least 24 monthly savings before retirement
- Natural-born Filipinos who reacquired their citizenship under RA 9225 (Citizenship Retention and Reacquisition Act of 2003), with at least 24 monthly savings before permanently migrating abroad
The minimum savings amount is Php 500 but you can also grow your money by saving Php 1,000 monthly. Here’s how much your money can grow as shown by the Pag-IBIG MP2 Savings Table based on a 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 |
While the program runs for five years, there are certain cases when members are allowed to withdraw before maturity. The Fund provides guidelines on when early withdrawal is permitted.
As for the Pag-IBIG MP2 Savings dividend rates, they are consistently higher than those under regular savings. Members can choose from the following payout modes:
- Full withdrawal after the five-year maturity period, with dividends compounded annually
- Annual payout credited directly to a savings or checking account in any Pag-IBIG-accredited bank
- For members without a Philippine bank account, such as overseas members, annual dividend payouts will be released via check
It’s important to note that once you select a dividend payout mode, you cannot change it until maturity. However, you may open another MP2 Savings account and choose a different payout option there.