Pag-IBIG Regular Savings Contribution
Hi! I need advice about Pag-IBIG Regular Savings. For context, I am employed in a government agency for 2 years now. Part of our salary deductions are mandatory contributions to Pag-IBIG Regular Savings.
Recently, we have been given the choice either to just contribute a minimum of 200 or continue the previous contribution of 2% of basic monthly salary. Most of my colleagues opted to change to the minimum of 200 pesos contribution. However, I feel like my monthly budget with my current net pay is more than enough to cover me and my family's monthly expenses. I want to continue the Pag-IBIG contribution of 2% basic monthly salary, as I've read from posts here that it is a good savings account with better interest rates compared to traditional banks (but low liquidity).
I was wondering lang if continuing the higher contribution of 2% of basic monthly salary would be the better choice? Or what are the cons if ever kasi I can see that most of my colleagues opted for the minimum of 200 pesos contribution.
I need your opinions or advice pleasee. Thank you so much!