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I posted this in Online Savings Accounts & Current Rates forum but wanted to get word out to all readers.
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. The bank also has free online banking and bill payment. Also, this seems to be open to all US residents.
Royal Banks of Missouri :: Personal Finance :: Checking :: Majestic Checking
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. The bank also has free online banking and bill payment. Also, this seems to be open to all US residents.
Royal Banks of Missouri :: Personal Finance :: Checking :: Majestic Checking