Pag-Ibig offers savings program-A A +A
Sunday, March 11, 2012
PAG-IBIG Fund is now offering a voluntary savings program called Modified Pag-Ibig II (MP2) Program that has higher yields and shorter terms.
Lawrence Ocampo, chief marketing and enforcement division officer of Pag-Ibig Fund-Baguio, said the program is open to all Pag-Ibig I members, including overseas Filipino workers with a monthly gross income exceeding P5,000.
He said under the program, Pag-Ibig members have a savings option with a term as short as five years and a preferential dividend rate that is higher than that of regular membership.
A member may contribute as low as P500 monthly at a six percent dividend rate per annum.
He said with a six percent dividend rate per annum for a monthly contribution of P500, the Total Accumulated Value (TAV) at the end of the five-year membership term is P34,921.79 and P81,655.02 for 10 years.
The TAV comprises of a member’s contributions and its corresponding dividends. (Maria Aprila W. Cruz)
Published in the Sun.Star Baguio newspaper on March 12, 2012.