No, 100% not true, you do not need to open Am Star account.
You definitely can use your existing True saver account to credit monthly interest from FD.
The AM Bank staff tried to “cheat“ you to open Am Star account, that was very bad of him/her..
I have Bank Islam's 2 years FD too.
No, Bank Islam basic saving account does not need to pay RM 12 annual fee, unless if you need the ATM card for internet banking.
If I remember correctly, the ATM card annual fee is RM 8.
My Bank Islam basic saving account calls "Akaun Simpanan Wadi'ah", minimum balance needs to keep RM 20, no annual fee.
When you open your Bank Islam saving account, you need to be very careful.
If your FD is joint name, and If you want to use internet banking, then the saving account cannot be joint name.
Because joint name saving account is not allowed to use (to link) in internet banking.
So, if your FD is joint name and if you want to use internet banking, then your "Akaun Simpanan Wadi'ah" saving account
has to be single name.
If you place Bank Islam today (24 May 2018), 2 years later, the maturity day is Sunday, so you need to ask Bank Islam will
they pay one day interest for Sunday or not?
https://www.timeanddate.com/calendar/?year=2020&country=69If you place Am Bank today (24 May 2018), 1 year later, the maturity day is Friday, you will not lose interest.
https://www.timeanddate.com/calendar/?year=2019&country=69Thanks for your valuable input.