InvestmentsPassive IncomeHigh Yield DepositsPersonal Finance

High Interest Savings Thru Pag-Ibig MP2(3-min read)

17Jul2018 Update: Published the historical dividend rates of MP 1 and MP 2. Will update this annually. Click here for details.

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

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 inquire directly with Pag-ibig 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 to enroll? First, create an account with Pag-Ibig online registration so Juan 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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55 thoughts on “High Interest Savings Thru Pag-Ibig MP2(3-min read)

    1. The last time we talked to Pag ibig, hindi pa available yung thru bank deposits nila. So if hindi kasama sa deductions ni employer, you have to go to the pag ibig offices nearest you to deposit your savings. If OFW meron ata via remittance pero you need to call pag ibig for the details on their partner remittance agencies.

  1. if i enroll for mp on a 20k monthly, and God forbid, i lose some of my income, can i reduce the monthly investment? and can i also increase it depending on my month’s income?

    1. i think this is possible. based on conversations with Pag ibig as long as you meet the 60k annual savings it should be fine no matter the frequency.

  2. Can I ask if the MP2 account number is generated right away after online MP2 registration? Or is the number advised through email?
    Mali kasi yung email address ko na naka-save sa Pag-Ibig and I cannot edit that information/field. Thanks for the advice.

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