You need to be an active Pag-ibig member first. This means you have made at least 1 monthly contribution in the last 6 months.
For the regular savings program, the minimum contribution is P100 with a maturity of 20 years where you receive all your money plus its interests.
You can also withdraw this money earlier.
MP2 has a maturity of 6 years an a 4-8% annual dividend rate.
Annual dividend = Ave. monthly balance x Dividend Rate
Pros
- Government-backed
- Tax free
- P500 minimum transaction. You don’t have to deposit monthly.
- Multiple accounts online
- Open online
This is the safest investment with this much return.
You can withdraw dividends yearly or at the end of the 5 year maturity period. The latter is better.
References
Nicole Alba. (2020, August 19). How to Invest in Pag-IBIG MP2 for Students, OFWs, and Beginners 2021 | Why Invest in MP2 | START NOW. https://www.youtube.com/watch?v=1fcyrGhX0ag