Is it good to Invest in Modified PAG-IBIG 2 or MP2 Savings

I'm thinking to invest in MP2 Savings and have to read first the requirements and advantages.

What is the Modified Pag-IBIG 2 or MP2 Savings?

The MP2 Savings is a special savings facility with a 5-year maturity, designed for Pag-IBIG Fund members who wish to save more and earn even higher dividends, in addition to their Pag-IBIG Regular Savings.

The program is also open to pensioners and retirees who were former Pag-IBIG Fund members.
Read more below to learn more about your Pag-IBIG MP2 Savings!

The Modified Pag-IBIG II (Pag-IBIG MP2) Savings Program is a special voluntary savings facility with a 5-year maturity, designed for active Pag-IBIG Fund members who wish to save more and earn higher dividends, in addition to their Pag-IBIG Regular Savings.

Here are its key features:

• Easy to save as members can save for only a minimum of P500 per remittance.
• Earns higher dividends than the Pag-IBIG Regular Savings
• Dividends are tax-free and can be withdrawn annually or after the 5-year maturity
• MP2 Savings are government-guaranteed

The MP2 Savings is open to active* Pag-IBIG Fund members.

It is also open to:

• Former Pag-IBIG Fund members (pensioners and retirees) with other sources of monthly income, regardless of age, and with at least 24 monthly savings prior to retirement.
• Natural Born Filipinos, who reacquired their Filipino Citizenship pursuant to RA 9225 or the Citizenship Retention and Reacquisition Act of 2003, with at least 24 monthly savings prior to permanent migration to another country.

*members with at least one (1) monthly savings (contribution) within the last six (6) months.