How long is the maturity period for the Modified Pag-IBIG 2 (MP2) Savings?

The maturity period for the Modified Pag-IBIG 2 (MP2) Savings is indeed 5 years. This program was designed as a savings scheme that allows members to save towards their goals while benefitting from higher dividends compared to the regular Pag-IBIG savings program.

Specifically, the MP2 Savings was introduced as a way for members to increase their savings potential through a structured period during which they commit to saving. The 5-year term is a defining feature of the program, providing a clear timeframe for members to gain interest on their deposits. After the maturity period, members can withdraw their savings along with the declared dividends, making it an appealing option for individuals looking to save for mid-term goals or to build an emergency fund. The structured period encourages consistent savings behavior, which can lead to greater financial stability.

Other options, such as 3 years, 7 years, or 10 years, do not accurately reflect the set terms established for the MP2 savings, as they either fall short of the required minimum or extend beyond the official maturity period designated for this savings program.