RBOM Drops Rca From 2.67% To 2.42% - Eff 10/10/12

I appreciate the banks who send advance notice, which shows a regard for their customers.

"Dear Majestic Checking Accountholder:

On October 10, 2012 the Annual Percentage Rate (APR) on your Reward Checking Account will be adjusted to 2.39% resulting in an Annual Percentage Yield (APY) of 2.42%.

We recognize that you want the best return on your investments.  Royal Banks of Missouri continues to offer one of the Highest Yielding Reward Checking Accounts in the country.

If you have any questions or comments, please do not hesitate to contact me.

Sincerely,
Michael S. Stevenson"

Same limit (24,999 to be exact) and everything else.

The notice only mentioned the main rate. Their site is updated with the new one, which seems to be the only change (thank goodness): 24,999 limit, .75% @ 25k and above, .15% for non-qualifying.  Same requirements:  15 pos debit card transactions, 1 DD and/or ACH debit/credit, e-statements.