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Benefits

Pag-IBIG MP2 Savings: Dividend Rates, How to Open and Withdraw

MP2 is Pag-IBIG's voluntary 5-year savings program. Here are the official dividend rates, who can open an account, how to save and claim it, and when you can withdraw early, from Pag-IBIG Fund's own MP2 page.

Written byGabrielEdited byAnnatalia
Checked 12 Oct 20264 min read4 official sourcesHow we check
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Quick answer
7.12%2025 MP2 rate
₱500Minimum per remittance
5 yearsMaturity
Tax-freeDividends

Pag-IBIG MP2 (Modified Pag-IBIG II) is a voluntary 5-year savings program for active Pag-IBIG members. You can save from ₱500 per remittance, the dividends are tax-free, and your savings are government-guaranteed. The MP2 rate was 7.12% for 2025 (7.10% for 2024). You choose at the start whether dividends are paid out every year or compounded and paid at maturity. Open an account online through Virtual Pag-IBIG. Past rates don't guarantee future ones: dividends depend on Pag-IBIG's income each year.

MP2 dividend rates since 2021

From Pag-IBIG Fund's MP2 page:

YearMP2 return rate
20257.12%
20247.10%
20237.05%
20227.03%
20216.00%

Under its Charter, Pag-IBIG returns at least 70% of its annual net income as dividends to members' savings, so the rate changes every year with the Fund's performance. Your savings are government-guaranteed, but the dividends are not fixed.

Want to see what your savings could earn? Try the MP2 calculator.

Key features

  • Minimum ₱500 per remittance. Save monthly, whenever you can, or as a one-time lump sum for the whole 5 years.
  • Higher dividends than Pag-IBIG Regular Savings, and the dividends are tax-free.
  • 5-year maturity. Choose annual payout or compounded dividends paid at maturity. The choice is fixed for that account; open another account if you want the other option.
  • Up to ₱20 million in principal at any time, and you may have more than one MP2 account.
  • Large amounts: a single remittance above ₱500,000 must be paid by personal or manager's check, and above ₱100,000 you submit proof of income or source of funds (checklist in the MP2 Enrollment Form).

Who can open an MP2 account

  • Active Pag-IBIG members, meaning at least one monthly contribution in the last six months. Not active? Pay a Regular Savings contribution first through Virtual Pag-IBIG.
  • Former members (retirees and pensioners) with other monthly income, regardless of age, with at least 24 monthly savings before retirement.
  • Natural-born Filipinos who reacquired citizenship under RA 9225, with at least 24 monthly savings before migrating.

Not a Pag-IBIG member yet? Register first through Virtual Pag-IBIG.

How to open an MP2 account online

    You can also open an account at any Pag-IBIG branch with the MP2 Savings Enrollment Form (PFF226). Saving through salary deduction? Give your employer a copy of the filled-out enrollment form.

    Pag-IBIG Checklist (PDF)MID number, contributions, housing loan rates, Multi-Purpose Loan and MP2. Free, no sign-up.Download

    How to save (pay) into MP2

    • Virtual Pag-IBIG: click Pay Online, choose MP2 Savings, enter your details and pay with Maya, GCash, QR Ph or a Visa, Mastercard or JCB card.
    • Online channels: GCash, Maya, and Coins.ph via Bayad.
    • Over the counter in the Philippines: Asia United Bank, SM Business Centers (and Savemore and Hypermart), Bayad, M. Lhuillier and ECPay merchants.
    • Abroad: Philippine National Bank, Asia United Bank and Ventaja-powered merchants.
    • Salary deduction through your employer.

    Always use your MP2 account number, not your regular Pag-IBIG MID number, so the payment goes to your MP2.

    Dividends: annual payout vs compounded

    Annual payoutCompounded
    When you get dividendsEvery year, credited to your savings or checking account in a Pag-IBIG-accredited bank (by check if you have no Philippine bank account)All at once at the 5-year maturity
    Dividends earn dividends?NoYes, compounded yearly
    Can you switch later?No, open another account insteadNo

    What rate applies in year 5? If your MP2 matures before that year's rate is declared, Pag-IBIG uses the previous year's (latest declared) rate, so you still earn for the full five years.

    Claiming your MP2 at maturity

    After 5 years, claim online through Virtual Pag-IBIG (benefit claims), or over the counter with the Application for Provident Benefits (APB) form at any Pag-IBIG branch.

    • Not claimed? Matured MP2 savings stop earning MP2 dividends, but you can withdraw them any time.
    • Roll over: move all or part of your matured savings into a new 5-year MP2, or choose automatic rollover.

    Can you withdraw MP2 early?

    Yes, but only for specific reasons:

    • Active members: total disability or insanity, termination due to health reasons, retirement, permanent migration, unemployment due to layoff or company closure, OFW repatriation, death (paid to beneficiaries), critical illness of the account holder or an immediate family member (subject to approval), or other grounds approved by the Board.
    • Retirees and pensioners: total disability or insanity, death, critical illness (subject to approval), or other approved grounds.

    What you get back if you withdraw early: - Compounded payout: your principal + 50% of dividends from prior years + 50% of the current year's dividends (released after that year's rate is declared). - Annual payout: your principal, minus 50% of the dividends you already received, + 50% of the current year's dividends.

    Only save through official channels. Pay with your own MP2 account number on Virtual Pag-IBIG or Pag-IBIG's accredited partners. Never give money to agents promising "guaranteed" MP2 returns.

    Official sources

    • Pag-IBIG Fund MP2 Savings page: pagibigfund.gov.ph
    • Pag-IBIG Fund Circular No. 407 (Amended Guidelines on the MP2 Program), linked from the MP2 page
    • MP2 Savings Enrollment Form (PFF226): pagibigfund.gov.ph

    Frequently asked questions

    What is the MP2 dividend rate for 2025?

    7.12%, according to Pag-IBIG Fund's MP2 page. It was 7.10% for 2024, 7.05% for 2023, 7.03% for 2022 and 6.00% for 2021.

    How much is the minimum for MP2?

    ₱500 per remittance. You can save monthly, whenever you like, or pay a one-time lump sum for the whole 5-year term.

    Is MP2 safe?

    Pag-IBIG says MP2 savings are government-guaranteed. The dividends are not fixed: they depend on Pag-IBIG Fund's financial performance each year.

    Are MP2 dividends taxable?

    No. Pag-IBIG says MP2 dividends are tax-free.

    How do I open an MP2 account?

    Online through Virtual Pag-IBIG: click Be A Member, then Apply for MP2, fill in your details, choose your amount, payout and payment mode, and submit. You'll get an MP2 account number. You can also apply at a branch with the MP2 Enrollment Form.

    Can I withdraw my MP2 before 5 years?

    Only for specific reasons such as total disability, health-related termination, retirement, permanent migration, layoff or company closure, OFW repatriation, death or critical illness. You get your principal but only 50% of the dividends.

    Can I have more than one MP2 account?

    Yes. You may open and keep multiple MP2 accounts, with up to ₱20 million in principal at any time.

    What happens if I don't claim my MP2 after it matures?

    It stops earning MP2 dividends, but you can still withdraw it anytime. You can also roll it over to a new 5-year MP2.

    Should I choose annual or compounded dividends?

    Compounded dividends earn dividends on top of dividends, so they usually grow more over 5 years; annual payout gives you cash every year. Your choice is fixed for that account. This is general information, not financial advice.

    MP2 calculator

    Estimate your 5-year MP2 savings and dividends.

    Open tool

    Pag-IBIG contribution

    ₱200 + ₱200 a month, OFW and self-employed rates, dividends and top-ups.

    Read guide

    Pag-IBIG Multi-Purpose Loan

    Requirements, how much you can borrow, the rate and online steps.

    Read guide

    Pag-IBIG MID number

    Register online, verify your MID, retrieve a lost number and update records.

    Read guide

    Sources

    Last checked 12 October 2026. See how we research and the updates log.