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Pag-IBIG is a corporation controlled by the government that primarily provide affordable housing loans to Filipinos. The income that they gain from loaning out the funds is what they pay back to their members as dividends.
It is backed by the government. It is perhaps the safest investment that can be able to provide much return. Wherein the average interest for the past 5 years (2016-2020) is ~7.26%. It is much higher than the traditional banks like Metrobank, BDO, BPI, etc. who give around 0.15% annual interest. It is also higher than the online banks like GSave, CIMB UpSave, Tonik, Komo, DiskarTech, etc. who give 2.5% - 4.5% annual interest. The dividends or the interests of the investor depend on the performance of the Pag-IBIG Fund such as the loans and how much people pay back.
MP2 is free from taxes. If you compare it to other forms of investments such as bonds and stocks... Bonds has a withholding tax for the interest that you gain on your investment. On the other hand, stocks charge some transaction fees along with taxes when you do buy and sell transactions.
In the regular savings program, for the employees, there's a required minimum monthly contribution. For the OFW, self-employed, or students, it is not required.
In the MP2 savings program, it is not required for everyone to deposit or contribute monthly. Everything is up to you whether how much or how often you want to deposit into the account as long as it is at least ₱500. It is an attainable amount for a lot of Filipinos. Get started right away.