Does anyone here have reward checking account? I read about them on Kiplingers and opened Majestic Checking Account with Royal Bank of MIssouri. This account offers 4.3% interest on deposits up to 25K (and 1.4% above 25K) and reimburse up to $25 ATM fees but you must meet monthly requirements such as 10 debit card transactions (excluding ATM withdrawal), 1 direct deposit, and estatement. Any month you do not meet the requirement, rate falls to 0.15% and no ATM fee reimbursement. For FDIC insured account, this seems like a great deal. I figure I will use debit cards for small transactions (under $10) for coffee shops, fast food, etc. and do direct deposit of payroll. Let me know if I missed anything.
Royal Banks of Missouri :: Personal Finance :: Checking :: Majestic Checking