Royal Banks of Missouri Cuts Reward Checking Rate

Royal Banks of Missouri cut the rate of its Majestic Checking from 4.30% to 3.51% APY for balances up to $25K. In the last year the bank has made several changes to this account in addition to cutting rates. It used to be available nationwide, but now it's just available to MO residents. Also, they now require 15 debit card purchases a month. It used to be 10.