Guide on Pag-IBIG Fund MP2 Savings Qualifications and the Account Opening Process
PAG-IBIG FUND MP2 SAVINGS – Here is a guide on who can save under this program and how to open an account under it.
Are you a member of the Pag-IBIG Fund who is looking for a program that can grow your money? This government agency is mainly known for its Housing Loan offer but it has expanded its offers with other loans and a savings program that designed to help the members of the government agency earn dividends from their savings.
Pag-IBIG MP2 Savings. This savings program is a voluntary savings program facility with a five-year maturity. It is excellent for members who want to grow their money by earning dividends annually.
Who are qualified under the Pag-IBIG Fund MP2 Savings? This savings program offer is open for:
- former Pag-IBIG Fund members, pensions and retirees, with other sources of income and has save a total of at least 24 monthly savings
- natural-born Filipinos who reacquired a Filipino citizenship pursuant to the Republic Act 9225 or the Citizenship Retention and Reacquisition Act of 2003
How to open an MP2 Savings account? According to the government agency, you can open a savings account online through the Virtual Pag-IBIG. You may also go to the nearest branch of Pag-IBIG to your residence or workplace and open an account.
The minimum amount in opening a Pag-IBIG Fund MP2 Savings account is P500. You are allowed to pay a one-time lump sum for the five-year savings period. There is no limit to the maximum amount that you can keep in your account provided that onetime savings that is over P500,000 must be backed with either a personal remittance or a Manager’s Check.
You may also visit – Pag-IBIG Cash Loan Offered To Members through Multi-Purpose Loan
