Pag-IBIG Fund members collectively saved P10.67 billion under the agency’s voluntary Modified Pag-IBIG 2 (MP2) Savings program in the first five months of the year, setting another record-high despite the ongoing health crisis.
This represents an increase of 109 percent and is equivalent to 80 percent of the P13.3 billion saved in MP2 for the entire year of 2020.
The MP2 Savings is Pag-IBIG Fund’s voluntary savings program that has a five-year maturity period and a minimum savings requirement of only P500. Made available to members in 2010, the MP2 Savings has seen phenomenal growth over the last five years due to the program’s consistently high dividends. In 2020, amid the pandemic-induced economic slowdown, the program still posted a 6.12 percent annual dividend rate.
MP2 Savings reached a record-high P13.28 billion in 2020, surpassing the previous high of P12.01 billion saved by members in 2019.
