Reward checking account rates are mostly in the 2.00 percent to 3.00 percent range but Royal Banks of Missouri is still offering a rewards checking account that currently has an annual percentage yield (APY) of 4.30%.

The bank’s “Majestic Checking Account” requires a minimum opening balance of $100. There are no minimum balances to maintain and there are no monthly fees. As with all reward checking accounts there are monthly billing cycle requirements that have to be met each month to receive the reward checking rate.

The requirements for the Majestic Checking Account include 15 debit card transactions per month, 1 direct deposit and/or ACH debit/credit transaction per month and you must receive your statements by email.

Just like all reward checking accounts there is a maximum dollar amount you can earn the rewards checking rate each month. The max amount for the Majestic Checking Account is $24,999. Balances$25,000 and over receive a checking account rate of 1.40 percent, which still isn’t bad for a checking account.

Royal Banks of Missouri Rewards Checking Account Info: Rewards Checking Account