High Interest Savings Thru Pag-Ibig MP2

Checkout the attractive and competitive dividend yield plus the shorter tenor of 5 years. Dividend income is also tax free!

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Caveat emptor. I’m not a Pag-ibig employee, but starting yesterday, I am now a Pag-Ibig MP2 saver.

Saw below image shared in my FB timeline, from a Pag-ibig employee in Ortigas branch. She said please share so here I am spreading the good word. The post reminded me about Pag Ibig MP2, the modified savings plan by Pag-Ibig which earns a much higher interest rate / dividend, open to all existing Pag-ibig members who contribute PHP100 per month (usually through salary deduction).

Pag-ibig Fund


Back then I was focused on much higher yields from higher risk investments. Fast forward to 3 years, we have lined up the regular investments in stocks and UITF (so they’ll just keep on growing), so my focus now is to diversify and to build my portfolio of high yield deposits and similar investments such as preferred shares and bonds. Not saying this is the correct path (see here our newbie guide) but that is how my financial journey has been: get comfy with higher risks first before building lower risk investments.

Going back to Pag-Ibig MP2, seeing below image finally enticed me to enroll given the attractive and competitive yield, at par or even higher than the yields of recent bonds and preferred shares offerings. Plus the shorter tenor of 5 years and dividend is tax free (unlike 10% tax for preferred shared dividend income and 20% for bonds). It says 2016 dividend rate is 7.43% while the average dividend the past 6 years is 5.26%. Not bad, not bad at all. Hoping that future dividend rates will stay within that range.

Pag Ibig MP2 2016 Dividend

Pag Ibig MP2 Flyer



  • Government guaranteed
  • Tax free dividends
  • Can be monthly (as low as PHP500) or less frequent as long as you reach PHP6,000 annually
  • Can be salary deducted through your employer or you can enroll your own remittance method
  • 5-year maturity


So how did I enroll? First I created an account with Pag-Ibig online registration so I can get my permanent Member ID (MID). Create your account here: HDMF Online Registration. If you think you already have an MID but you seem to have lost it, you may call 724-4244 to retrieve your MID. If you have queries, you may call that number as well.

Next, go to the Online MP2 registration, click a few buttons and fill up the form and voila, you’re enrolled! Print 2 copies of the enrollment form, sign it, keep one for your reference and submit a copy to your HR for their processing. If I understood it correctly, Juan can have multiple MP2 accounts assuming Juan’s savings budget allows so that’s something to consider in the future.

Once again, do consider Pag Ibig MP2 for your high yield deposits.

Don’t forget to grab a copy of our latest e-book #10Steps to a Richer Life. Find out why WISER PINOY = RICHER PINOY and be equipped on your journey to financial freedom. Also available, Money Management Modules (#3M), contains more than 30 interactive modules, self-assessment, templates and calculators. Click here to know more. 

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About Geri (367 Articles)
Founder and main author. Husband, used-to-be-breadwinner, God-made multi-millionaire, employee, financial planner and adviser, investor, stocks trader, entrepreneur, agri-preneur, book author. Firm believer that all Pinoys deserve a richer life. Not a guru, but a forever student of the investments world, a work-in-progress.

10 Comments on High Interest Savings Thru Pag-Ibig MP2

  1. how will we going to process their mp2 if we are the employer? is it a separate remittance or will add it to the monthly contribution?


    • Hmm not sure about this. Best to ask Pag Ibig directly. Maybe it’s a separate remittance that’s why not all employers can readily deduct mp2 savings from their employees even if they’re already deducting the mandatory monthly.


  2. i contribute monthly, for example, P10k will the 120k annually be deducted on my annual tax?


  3. Hi Sir. I enrolled online po for my MP2 account. I made the first payment via GCASH/ online payment. Okay lang po kaya to? mas preferred ko kasi na ako na mismo maghuhulog kesa i sasalary deduction ako kasi pag salary deduction fix lang yung amount


  4. Judy ann toribio // December 12, 2017 at 5:32 pm // Reply enroll mp2 thru my android phone but i forgot to print the enrollment form and now i dont know how to find it. What will i do?


    • You can try to login sa pag ibig online acct mo it might be there. Or call their helpdesk. My few tries may nakausap naman ako and friendly sila


  5. i open two mp2 pag ibig account ? i mean, if i enroll for an account. can i open another account again but still under my name?


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