Despite the uncertainties caused by the new coronavirus disease, Pag-IBIG Fund members enrolled under agency’s MP2 Savings collectively saved a record of over P13 billion , an increase of 11 percent from 2019.
Secretary Eduardo del Rosario of the Department of Human Settlements and Urban Development and chairman of the Pag-IBIG Fund Board of Trustees said as of 2020, a total of 338,248 members currently save in the MP2 Savings.
These members saved, on average, P3,270 per month in their MP2 Savings last year.
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 savings program has seen phenomenal growth over the last five years, mainly due to the higher dividends it offers compared to the agency’s Regular Savings program.