Pag-IBIG Fund has announced that dividends for the year 2024 have been credited to members’ accounts. 

This year, the agency declared a record-breaking total dividend payout of ₱55.65 billion—the highest in its 44-year history.

Dividend Rates for 2024

• Pag-IBIG Regular Savings: Members earned an annual dividend rate of 6.60%.
• Modified Pag-IBIG 2 (MP2) Savings: Members enjoyed a higher annual return rate of 7.10%.

These rates are higher compared to the previous year’s dividends, where the Regular Savings had a rate of 6.55% and the MP2 Savings stood at 7.05%. 

How to Check Your 2024 Dividends:

To verify the credited dividends in your Pag-IBIG Regular Savings and MP2 accounts, follow these steps:

1. Online via Virtual Pag-IBIG:
   • Visit the Virtual Pag-IBIG website.
   • Log in to your account using your credentials.
   • Navigate to the “Regular Savings” or “MP2 Savings” section to view your dividend details.
2. Through Pag-IBIG Fund Branches:
   • Visit the nearest Pag-IBIG Fund branch.
   • Present a valid ID and your Pag-IBIG MID number to request assistance in checking your dividend credits.

How to Withdraw Your MP2 Savings

Upon maturity, MP2 savings can be redeemed after completing the required processing steps. 

The savings mature five years from the date of the first contribution, allowing members to withdraw their funds. 

Processing of MP2 redemption requests typically takes up to seven days, during which the necessary verification and fund transfer procedures are completed.

MP2 savings can be withdrawn through the Loyalty Card Plus, DBP, or Landbank upon maturity. 

 If no account is available, a cheque will be issued.

Annual dividends are credited to the Loyalty Card Plus for those opting for yearly payouts.

How to Withdraw Your Pag-IBIG Regular Savings

Members can also withdraw their Pag-IBIG Regular Savings under certain conditions, such as:

• Maturity Period: Regular savings mature after 20 years of contributions (240 months).
• Retirement (aged 60 or older, or optional retirement at 45 years old and above)
• Permanent departure from the Philippines
• Total disability or critical illness
• Death of the member (beneficiaries will receive the savings)

Withdrawal Process for Pag-IBIG Regular Savings:

• Online via Virtual Pag-IBIG:
  • Log in to your account and check if you qualify for withdrawal.
  • Submit your withdrawal request and wait for processing.
• Through Pag-IBIG Branches:
  • Visit the nearest Pag-IBIG Fund branch.
  • Bring a valid ID, Pag-IBIG MID number, and necessary supporting documents (e.g., retirement proof, medical certificate, etc.).
  • File the withdrawal request and wait for processing.

What is MP2 Savings?

The Modified Pag-IBIG II (MP2) Savings Program is a voluntary savings scheme designed for members seeking higher returns than the regular Pag-IBIG Savings Program. 

Key features include:

• Eligibility: Open to active Pag-IBIG Fund members and former members with a source of income, including pensioners.
• Minimum Savings: Start with a minimum contribution of ₱500.
• Dividend Rates: MP2 Savings typically offer higher dividend rates.
• Maturity Period: MP2 savings mature after 5 years.
• Payout Options: Choose to receive dividends annually or upon 5-year maturity.
• Government Guarantee: Ensures the safety of your investment.

Right now is a good opportunity to look into your MP2 and Pag-IBIG Regular Savings since the 2024 dividends have been credited. 

The consistent growth in dividend rates underscores the benefits of participating in these savings programs.

 For those considering enhancing their savings portfolio, the MP2 Savings Program offers an attractive option with its higher returns and government guarantee.

Stay updated with Pag-IBIG Fund announcements to maximize the benefits of your membership and make informed decisions about your savings and investments.

Sources: (1), (2), (3)

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Keep Reading: Pag-IBIG Raises Dividend Rates: Regular Savings at 6.6%, MP2 at 7.1%