Top Government-Backed Savings and investment options for Filipinos

Government-backed savings and investment options in the Philippines provide secure, high-return opportunities for both OFWs and local investors. With Smiles, you can conveniently pay Pag-IBIG MP2 contributions and remit funds to all major Philippine banks. Discover the top government-backed savings and investment options and how they can help you build financial security.

1. Pag-IBIG MP2 Savings Program

The Pag-IBIG MP2 Savings Program is a top choice for Filipinos who want secure, high-yield savings. This voluntary program offers higher dividend rates compared to regular Pag-IBIG savings and is fully government-backed. Participants enjoy tax-free earnings, and the program is flexible enough to support housing, retirement, or emergency needs.

How Smiles Helps: OFWs can pay their MP2 contributions directly using Smiles, making it faster and easier to stay on track with savings goals.

• Minimum contribution: PHP 500/month
• Maximum contribution: PHP 50,000/year
• Annual dividend: 5–7% (tax-free)

Learn more about the Pag-IBIG MP2 program here.

2. SSS Flexi Fund

The SSS Flexi Fund is ideal for OFWs and regular SSS members who want to grow retirement savings. This program allows voluntary contributions that earn tax-free interest. You can manage your contributions according to your financial goals and enjoy flexible withdrawals in the future.

• Tax-free earnings
• Flexible contributions
• Portable retirement savings

More details are available at SSS Flexi Fund.

3. Government Bonds (Retail Treasury Bonds)

Government bonds, also known as Retail Treasury Bonds (RTBs), are perfect for conservative investors seeking safe returns. These bonds offer fixed interest over a specific term and are fully backed by the Philippine government. Investors can purchase RTBs online through the Bureau of the Treasury or via partner banks.

• Fixed interest over 3–5 years
• Government-backed security
• Available for OFWs and local investors

Check out Philippine Treasury Bonds here.

4. OWWA Investment Programs

The Overseas Workers Welfare Administration (OWWA) provides investment programs and savings plans for OFWs. These programs offer dividends, insurance benefits, and sometimes additional perks for returning overseas workers.

• Special OFW investment programs
• Dividend and insurance benefits
• Secure, government-backed

Visit OWWA Programs for more information.

5. Bank-Based Savings and Time Deposits

Philippine banks offer high-yield savings accounts and time deposits that are safe and reliable. Top banks like BDO, BPI, Metrobank, and UnionBank cater to OFWs, allowing online account management and remittance-friendly services.

How Smiles Helps: You can remit funds through Smiles directly to any major bank in the Philippines, making it easy to fund your savings or investments from Canada.

• Flexible savings with moderate interest
• Fixed-term deposits with guaranteed returns
• Easy access for OFWs and local investors

Government-backed savings and investment options in the Philippines provide Filipinos with secure ways to grow their money. From the Pag-IBIG MP2 Savings Program to government bonds and SSS Flexi Fund, these programs offer reliable returns and flexibility. With Smiles, OFWs can pay MP2 contributions easily and remit funds to all major banks in the Philippines, ensuring convenience and peace of mind. Whether you are planning for retirement, saving for a home, or supporting your family, exploring government-backed savings and investment options in the Philippines ensures your money works hard for you while remaining safe and government-secured.