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The better savings strategy for you will depend on your goal.
If you want to grow your savings faster, put your money in the MP2. The MP2 program has higher dividend rates at a shorter five-year maturity period than the regular Pag-IBIG savings program (where your monthly contribution goes).
However, if you’re planning to get a Pag-IBIG housing loan, you’re better off upgrading your monthly contribution. Paying higher monthly contributions will help you qualify for a higher loan amount.
Have both goals in mind? If you can afford to save more, then increase your contribution and save under the MP2 at the same time. Why choose only one when you can do both?
Go back to the main article: How to Compute Your Pag-IBIG Contribution: A Complete Guide to Contribution Table and Payment