{"id":8022,"date":"2020-10-14T02:30:26","date_gmt":"2020-10-14T02:30:26","guid":{"rendered":"http:\/\/onthe8spot.com\/?p=8022"},"modified":"2020-10-14T02:30:26","modified_gmt":"2020-10-14T02:30:26","slug":"what-is-it-and-why-invest-in-pag-ibig-mp2-program","status":"publish","type":"post","link":"http:\/\/onthe8spot.com\/index.php\/2020\/10\/14\/what-is-it-and-why-invest-in-pag-ibig-mp2-program\/","title":{"rendered":"What is it and Why Invest in Pag-IBIG MP2 Program"},"content":{"rendered":"\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Pag-IBIG MP2 Program - Virtually No Risk Savings with Higher Interest Rate Earnings\" width=\"525\" height=\"295\" src=\"https:\/\/www.youtube.com\/embed\/vqV6ZXm34Wo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n<p>Source:<\/p>\n\n\n<p><a href=\"https:\/\/www.pagibigfund.gov.ph\/Membership_ModifiedPagIBIG2.html\">https:\/\/www.pagibigfund.gov.ph\/Membership_ModifiedPagIBIG2.html<\/a><\/p>\n\n\n<p>The MP2 Savings is a special savings facility with a 5-year maturity, designed for Pag-IBIG Fund members<br \/>who wish to save more and earn even higher dividends, in addition to their Pag-IBIG Regular Savings.<\/p>\n\n\n<p><br \/>The program is also open to pensioners and retirees who were former Pag-IBIG Fund members.<\/p>\n\n\n<p>The HMDF invests the funds collected from the Pag-IBIG MP2 mostly in its housing loan program, as well as its short-term loan programs. Funds grow through interest payments from borrowers. The rest is invested in corporate bonds, time deposits, and government securities.<\/p>\n\n\n<h2 class=\"wp-block-heading\">Who can save under MP2?<\/h2>\n\n\n<p>You can open a Pag-IBIG MP2 account if you belong to any of these groups:<\/p>\n\n\n<ul class=\"wp-block-list\"><li>Active Pag-IBIG Fund Members; <\/li><li>and Former Pag-IBIG Fund Members with other sources of monthly income and\/or Pensioners, regardless of age, with at least 24 monthly savings prior to retirement.<\/li><\/ul>\n\n\n<h2 class=\"wp-block-heading\">Why you should open a Pag IBIG MP2 account?<\/h2>\n\n\n<p>MP2 enrollment is an optional savings account and one should have a compelling reason to join. Here are a few good reasons to apply and start saving under the Pag-ibig MP2 program.<\/p>\n\n\n<h3 class=\"wp-block-heading\">1. Relatively high dividend rates.<\/h3>\n\n\n<p>The primary reason to save under MP2 is its relatively high annual dividend rates.<\/p>\n\n\n<p>In the past few years, MP2 dividend rates have grown steadily, averaging at 7.65% from 2016 to 2018.<\/p>\n\n\n<p>Although the pandemic would probably negatively affect the current dividends this is still expected to beat the rates of commercial papers<\/p>\n\n\n<h3 class=\"wp-block-heading\">2. Relatively affordable and flexible way to save.<\/h3>\n\n\n<p>The MP2 has a minimum of only least Php 500 as an initial deposit and as a monthly deposit should you decide to remit every month thereafter.<\/p>\n\n\n<p>It makes saving money easy on the budget, especially for low-income earners. 500 a month roughly translates to walking a daily short jeepney ride or tricycle ride.<\/p>\n\n\n<p>The MP2 also offers flexibility on how often you want to save.<\/p>\n\n\n<p>The three options are Monthly, Annually, or Lump Sum<\/p>\n\n\n<h3 class=\"wp-block-heading\">3. The Pagibig MP2 savings are Government-guaranteed and tax-free earnings.<\/h3>\n\n\n<p>The Pagibig MP2 savings are private sector rates for a government guaranteed investment vehicle. You essentially get the best of both worlds.<\/p>\n\n\n<p>The primary caveat is that the earnings of the savings are not guaranteed since they depend on the net income of the HDMF.<\/p>\n\n\n<h3 class=\"wp-block-heading\">4. The Pagibig MP2 program allows you to make saving a habit.<\/h3>\n\n\n<p>The Pagibig MP2 is like a time deposit but with higher interest and harder to withdraw. This makes it extremely good for creating a saving habit. &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: https:\/\/www.pagibigfund.gov.ph\/Membership_ModifiedPagIBIG2.html The MP2 Savings is a special savings facility with a 5-year maturity, designed for Pag-IBIG Fund memberswho wish to save more and earn even higher dividends, in addition to their Pag-IBIG Regular Savings. The program is also open to pensioners and retirees who were former Pag-IBIG Fund members. The HMDF invests the funds &hellip; <\/p>\n<p class=\"link-more\"><a href=\"http:\/\/onthe8spot.com\/index.php\/2020\/10\/14\/what-is-it-and-why-invest-in-pag-ibig-mp2-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;What is it and Why Invest in Pag-IBIG MP2 Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62],"tags":[],"class_list":["post-8022","post","type-post","status-publish","format-standard","hentry","category-personal-angol"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/posts\/8022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/comments?post=8022"}],"version-history":[{"count":0,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/posts\/8022\/revisions"}],"wp:attachment":[{"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/media?parent=8022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/categories?post=8022"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/tags?post=8022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}