Total savings of members of the Pag-IBIG Fund under the Modified Pag-IBIG 2 (MP2) Savings program in 2022 reached nearly P39.84 billion, a new record-high for the amount saved voluntarily by members under the program in a year.
The amount is 54 percent higher than the P25.95 billion collected in 2021.
The MP2 Savings Program is a special voluntary savings facility of Pag-IBIG Fund that comes with a maturity period of five years. With a low entry point of P500 as minimum savings, it is designed for active Pag-IBIG Fund members who wish to save more and earn higher dividends, in addition to the mandatory Pag-IBIG Regular Savings they save every month.
Pag-IBIG also recorded a 30-percent increase in the total number of MP2 savers in 2022 to 977,643 from 750,267 in 2021.
The Fund said 86 percent of the agency’s total MP2 Savers having an average savings of P19,357.
