MP2 Enrollment: Open an Account and Save Online
Home Development Mutual Fund · savings
Quick answer
To open an MP2 Savings account you must be an active Pag-IBIG member, meaning at least 1 monthly contribution in the last 6 months. Open it through Virtual Pag-IBIG, then save from ₱500 per remittance. MP2 returned 7.12% in 2025.
Last verified
Where these figures come from
About these figures: the numbers below come from Pag-IBIG's official published sources: Pag-IBIG Fund | MP2 Savings (https://www.pagibigfund.gov.ph/member_savings_mp2.html, retrieved 2026-08-31); Pag-IBIG Fund | Regular Savings (https://www.pagibigfund.gov.ph/Membership_RegularSavings.html, retrieved 2026-08-31); Pag-IBIG Fund | Branches (https://www.pagibigfund.gov.ph/branches.html, retrieved 2026-08-31). Agencies change fees and rates without notice, so confirm with Pag-IBIG before you rely on them. Last verified: 2026-08-31.
MP2 has one gate before the money: you must be an active Pag-IBIG member, which Pag-IBIG defines precisely.
The eligibility test
| Requirement | Rule |
|---|---|
| Membership | Must be an active Pag-IBIG member |
| Definition of active | At least 1 monthly contribution within the last 6 months |
| If lapsed | Reactivate first, then open the account |
| Minimum to save | ₱500 per remittance |
| Term | 5-year maturity |
The returns Pag-IBIG publishes
| Year | MP2 return rate |
|---|---|
| 2025 | 7.12% |
| 2024 | 7.10% |
| 2023 | 7.05% |
| 2022 | 7.03% |
| 2021 | 6.00% |
Pag-IBIG’s Charter mandates returning at least 70% of annual net income as dividends and returns to members’ savings accounts, credited to the MP2 account automatically each year.
Rates for 2021 through 2025 are history, not a promise. The MP2 calculator runs projections on a rate you choose, and the MP2 guide covers the programme in full.
Opening the account
| Route | What you do |
|---|---|
| Virtual Pag-IBIG | Go to pagibigfundservices.com/virtualpagibig and open the account online |
| Salary deduction, for employed members | Submit a copy of the accomplished MP2 Savings Enrollment Form to your employer |
| Not yet a member | Register for Pag-IBIG membership first |
The membership registration guide covers that first step, and the MID number guide the number it issues.
Saving into it
| Route | What you need |
|---|---|
| Online, Virtual Pag-IBIG | Your MP2 Account Number ready |
| Over the counter | Pag-IBIG’s published payment channels |
| Salary deduction | The enrolment form lodged with your employer |
The pay contributions guide covers the channels in detail.
What Virtual Pag-IBIG handles
| Service group | Detail |
|---|---|
| Be a member | Registration |
| Pay online | Contributions, MP2 and loan payments |
| Apply for and manage loans | Including status |
| View records | Contribution and loan records |
| Claim Pag-IBIG savings | Including MP2 claims |
| Availability | 24/7, described as Lingkod Pag-IBIG |
MP2 against Regular Savings
| Regular Savings | MP2 Savings | |
|---|---|---|
| Mandatory | Yes | No, voluntary |
| Monthly amount | ₱400 since February 2024, being ₱200 from the member matched by ₱200 from the employer | From ₱500 per remittance |
| Self-employed | ₱400 a month, no employer share | Same voluntary basis |
| OFW members | ₱200 a month; matched at ₱200 by a Philippine employer such as a manning agency | Same voluntary basis |
| Under ₱10,000 monthly earnings | 2% of actual earnings that month | - |
| Term | Maturity at 240 monthly savings, or 180 on the 15-year option | 5 years |
| Returns | Dividends credited to the member’s savings | 7.12% in 2025 |
The Regular Savings guide and the contribution table cover the mandatory layer.
Worked contributions
Using Pag-IBIG’s own ₱500 minimum. These are arithmetic illustrations of what you would put in, not projections of what you would take out.
| Remittances a year at ₱500 | Contributed in a year | Contributed over the 5-year term |
|---|---|---|
| 12 | ₱6,000 | ₱30,000 |
| 24 | ₱12,000 | ₱60,000 |
| 36 | ₱18,000 | ₱90,000 |
| 12 at ₱1,000 | ₱12,000 | ₱60,000 |
| 12 at ₱2,000 | ₱24,000 | ₱120,000 |
| 12 at ₱5,000 | ₱60,000 | ₱300,000 |
The MP2 calculator applies a dividend rate to those figures properly, compounding year by year.
Getting help
| Channel | Detail |
|---|---|
| Hotline | 8-724-4244, spelled 8-Pag-IBIG |
| contactus@pagibigfund.gov.ph | |
| Branch locator | pagibigfund.gov.ph/branches.html, with a search radius of 5, 10, 25, 50 or 100 kilometres, or unlimited |
| Virtual Pag-IBIG | pagibigfundservices.com/virtualpagibig |
The branches and hotline guide covers the network.
What this page does not cover
Pag-IBIG does not publish, on the pages read for this guide, the step-by-step screens inside Virtual Pag-IBIG, a maximum MP2 contribution, the number of MP2 accounts one member may hold, the crediting date for annual dividends, or the penalty for missing a remittance. None of those are stated here.
Related
The MP2 guide covers the programme, the MP2 withdrawal guide covers claiming at maturity, and the MP2 calculator projects the returns.
Frequently asked questions
- Who can open an MP2 Savings account?
- An active Pag-IBIG member. Pag-IBIG defines that as having made at least 1 monthly contribution within the last 6 months. A lapsed member reactivates first.
- What is the minimum to save?
- ₱500 per remittance. Pag-IBIG frames MP2 as flexible saving: you start at ₱500 and add as you can.
- How much does MP2 earn?
- Pag-IBIG publishes the MP2 return rates since 2021: 7.12% in 2025, 7.10% in 2024, 7.05% in 2023, 7.03% in 2022 and 6.00% in 2021. Under its Charter, Pag-IBIG is mandated to return at least 70% of its annual net income as dividends and returns to members' savings accounts.
- How do I open the account?
- Through Virtual Pag-IBIG at pagibigfundservices.com/virtualpagibig. Employed members who prefer to save through salary deduction submit a copy of the accomplished MP2 Savings Enrollment Form to their employer instead.
- How do I pay into an existing account?
- Online through Virtual Pag-IBIG with your MP2 Account Number ready, or through Pag-IBIG's payment channels over the counter.
- Can I take the returns early?
- Pag-IBIG's own framing is that you choose to withdraw your savings' returns annually, or after the 5-year maturity. The dividends are credited to the MP2 account automatically every year.
- Is MP2 taxed?
- Pag-IBIG describes MP2 as government guaranteed and tax-free, with higher annual returns than the Pag-IBIG Regular Savings.
- What if I am not a Pag-IBIG member yet?
- Register first. Membership registration and the ₱400 monthly Regular Savings contribution come before an MP2 account, since MP2 requires an active member with a recent contribution.
More Pag-IBIG guides
Sources
- Pag-IBIG Fund | MP2 Savings, retrieved
- Pag-IBIG Fund | Regular Savings, retrieved
- Pag-IBIG Fund | Branches, retrieved