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Deposit Rate INCREASE to 6.25%!
October 3, 2023
8:07 am
davidgeorge
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Deposit rate increase to 6.25%!

Exciting news for both current and prospective Members of our 2023–2024 Earn More Promo account! Starting today, we're increasing the rate to 6.25%!

All deposits already in the 2023-2024 Earn More Promo account as well as new deposits into the account will now earn an incredible 6.25% return through January 31.

If you already had funds in the 2023–2024 Earn More Promo ...

The rate automatically increased from 5.25% to 6.25%.

No need to do anything but sit back and enjoy the rate increase. Plus, you can always add new funds to your promotional account.

And if you haven't taken advantage of this offer yet …

It's not too late! Now is your chance to open a 2023–2024 Earn More Promo account and earn 6.25% for the rest of the year.

October 3, 2023
8:21 am
cgouimet
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davidgeorge said
Deposit rate increase to 6.25%!

Exciting news for both current and prospective Members of our 2023–2024 Earn More Promo account! Starting today, we're increasing the rate to 6.25%!

All deposits already in the 2023-2024 Earn More Promo account as well as new deposits into the account will now earn an incredible 6.25% return through January 31.

If you already had funds in the 2023–2024 Earn More Promo ...

The rate automatically increased from 5.25% to 6.25%.

No need to do anything but sit back and enjoy the rate increase. Plus, you can always add new funds to your promotional account.

And if you haven't taken advantage of this offer yet …

It's not too late! Now is your chance to open a 2023–2024 Earn More Promo account and earn 6.25% for the rest of the year.  

Yep. Got the same email. Our DUCA accounts have remained empty as we consider them as last resort as every $ into that Earn More Promo isn't DIY but by phone only. Our Tangerine offers have remained better (or close enough) and DIY ...

CGO
October 3, 2023
1:37 pm
Wrayzor
GTA
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cgouimet said

Yep. Got the same email. Our DUCA accounts have remained empty as we consider them as last resort as every $ into that Earn More Promo isn't DIY but by phone only. Our Tangerine offers have remained better (or close enough) and DIY ...  

Tangerine isn't always DIY. Transfers >$25k require a call. My recent experience is DUCA is quicker to answer the phone than Tangerine so not a big PITA to get DUCA's promo offer (which isn't a lottery and better then anything Tangerine is offering right now!). Plus, it's only the transfer into the DUCA promo account that requires a phone call - transfer out is DIY, although subject to limitations if memory serves.

Anyway, I'm happy to already have the promo account and be getting a league-leading rate.

October 3, 2023
3:07 pm
victor6433
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Why not gain in extra 0.25%
Tangerine will send it tmrw.. only 25G at a time....but still a win.. I transfer into the account easy pieces.. The same time length of the Tangerine promo..

October 3, 2023
3:40 pm
victor6433
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Not much difference but it's a 20oz "maybe if that i don't know....at the end of the promo

October 3, 2023
4:03 pm
victor6433
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Of Vodka.

October 3, 2023
6:08 pm
AndreyG
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Can I open a DUCA account if I live outside Ontario?
Currently, only residents of Ontario can apply to be a DUCA Member.

October 3, 2023
8:29 pm
Lodown
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Exactly which account is this for?

a. DUCA - Earn More Savings Account

or

b. DUCA - Personal Earn More Park Account

or

c. ???

October 4, 2023
4:25 am
davidgeorge
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Lodown said
Exactly which account is this for?

a. DUCA - Earn More Savings Account

or

b. DUCA - Personal Earn More Park Account

or

c. ???  

It's "2023 - 2024 Earn More Promo" account.

Screenshot-2023-10-04-072259.png

October 4, 2023
8:05 am
COIN
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Does anybody remember a previous promo which DUCA shut down early? I did a quick search and did not find mention of it.

Hope the members here have a better memory than I.

October 4, 2023
10:38 am
Nehpets
Ontario
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COIN said
Does anybody remember a previous promo which DUCA shut down early?  

A few years ago they stopped further deposits to a promo a couple of days into the promo, but paid the promo interest rate on deposits already in the account untilthe end date.
Stephen
.

October 4, 2023
10:57 am
dickyran333
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AndreyG said
Can I open a DUCA account if I live outside Ontario?
Currently, only residents of Ontario can apply to be a DUCA Member.  

DUCA CSR just informed me that I'm not eligible to open this, or any other account, as they cater to Ontario residents only. (I'm in BC.)

FWIW, I do have GICs with them through a broker. But it seems that this channel follows different rules.

October 4, 2023
1:13 pm
COIN
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Nehpets said

COIN said
Does anybody remember a previous promo which DUCA shut down early?  

A few years ago they stopped further deposits to a promo a couple of days into the promo, but paid the promo interest rate on deposits already in the account untilthe end date.
Stephen
.  

Thanks. I thought so. What are the chances they will terminate this one early?

October 5, 2023
11:39 am
Lodown
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DUCA allows a maximum of $100k EFT in and $50k out per day. For amounts over these maximums, will pulling or depositing funds from another institution thru EFT work? Would calling in to a DUCA CSR allow greater amounts per day?

October 5, 2023
12:36 pm
MG
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Lodown said
DUCA allows a maximum of $100k EFT in and $50k out per day. For amounts over these maximums, will pulling or depositing funds from another institution thru EFT work? Would calling in to a DUCA CSR allow greater amounts per day?  

I know for a fact that calling in to the CSR does not work. The other little glitch is that the daily limit of $50K is for a 25 hour period, not 24! So if you arrange your first $50K transfer at 3 pm, you can only do another $50K transfer the next day after 4 pm. I have set up a link with Tangerine and have pushed funds to DUCA from Tangerine but cannot recall if I pulled into Tangerine.

October 5, 2023
12:38 pm
Nehpets
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Lodown said
..... will pulling or depositing funds from another institution thru EFT work? Would calling in to a DUCA CSR allow greater amounts per day?  

I don't know about pulling or pushing from another FI as I have never tried, but I can say DUCA CSR's cannot override the maximums for EFT push withdrawal.

However, you could write a check to withdraw from DUCA to deposit into another FI

Stephen

October 5, 2023
8:20 pm
Lodown
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I called DUCA. CSR stated their limits to not apply (out or in) when doing an EFT from another FI. Indeed, the CSR confirmed they cannot override the DUCA limits.

An EFT test from another FI appears to be what is needed to confirm.

October 6, 2023
9:01 am
Ed
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Daily limit for pulling money into DUCA is $100K.

October 6, 2023
10:22 am
mustang
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I tried a 100k deposit from check app-- no go
Tried 100k transfer in-- gave me an error message
I called in, and was told they were having technical issues, and should work after 1pm
That did work, so now waiting for call back, to get the money moved over to the savings account
Not quite smooth as silk

October 6, 2023
11:03 am
Berry
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I have had quick response times calling them after 6 pm.

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