Honestly speaking, and i know some people will hate me for this, but i dont believe in government-backed investment schemes. With so much news about the Marcos administration lately and how they use funds from these contributions, i'd rather invest my money somewhere else. There are alot of emerging ebanks that offer similar interest rates. But then again, it depends on the investor's preferences.
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I get what you mean. The government can meddle with it and politicians aren't the most trustworthy group when it comes to public funds but it is still more stable vs ebanks for now. I also try to take advantage of the high interest rates these banks offer, but if you look at which of the ebanks are profitable then you will see the difference and why they are offering such high interest rates. Also, the Pag-IBIG fund managers are really good. But it's still your money and you can do whatever with it. You are right, investor's preference pa rin. 😀