Does opening multiple MP2 accounts a good idea? For me, YES. But make sure that it will end maturing in different years Why? Since your money is being locked up for the next 5 years, you may have the option to roll over the matured sum which will due on the following year, if you haven't found any good reason to spend it on the year it matures. and if you found an investment opportunity by next year, you will no longer have to wait another few more years to push go for it. Mp2savings