Get rewarded with Takashimaya vouchers when you transfer your CPF LIFE to your Maybank Privilege Plus Savings Account.

Step 1: Set up CPF LIFE monthly payouts
Call 1800-227-1188 to request for Change of Bank Details for Withdrawal on Retirement or Medical Grounds link to be sent to you via SMS. Follow the instructions to complete the application form accordingly.
Indicate your Maybank Privilege Plus Savings Account details to receive your monthly payouts.

Step 2: Register to receive for cash reward
SMS to 79898 after completing your application form with CPF.
PPSA65 <Maybank Privilege Plus Account Number> <Full Name> <Last 4 digits of NRIC>
e.g. PPSA65 14112345678 TAN LEE LEE 567D

Privilege Plus Savings Account CPF Payout Promotion Terms and Conditions (PDF)

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.