Rates Have Just Dropped On The Majestic Checking Account

Rates have just dropped on the Majestic checking account.  Effective April 14, the new APY on the first $24,999 is now 3.51% (down from 4.30%).  The APY on 25,000 and above remains unchanged at 1.40%.  Like so many banks these days there was no e-mail or correspondence warning that this move was coming, they just slipped it in hopeing most depositors wouldn't notice (for a while anyway).

FYI: Royal Banks did NOT count any PIN based transactions toward the required 15 monthly debit card transactions during the first month I used the card.  I recommend using only non-pin (credit card) transactions when using their card.