DUCA 1.50% Promo | Page 3 | DUCA Credit Union | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
DUCA 1.50% Promo
August 25, 2021
8:25 am
canadian.100
Member
Members
Forum Posts: 594
Member Since:
September 7, 2018
sp_UserOfflineSmall Offline

Loonie said
I just made 3 successful online transfers into DUCA from external account, initiated at DUCA.
I then phoned DUCA, got through immediately, and had the rep transfer the money to Park account.
Logged in again and confirmed that the new money is in Park account at 1.5%.
The maximum transfer-in for one day is 100K.

I realize it's not working for everyone, and DUCA is aware of this and trying to fix it, but it's worth trying.  

Not too concerned - most of my funds are presently in other promos @2% ending Sept 3 and 1.5% ending end of Oct so if it DUCA happens fine and if not so be it.

By the way the maximum transfer in amt of 100K is more than a 24hour day. The rep explained the system is maintained/updated (I think she said in Alberta) so it is 25 or 26 hours before you can exceed the 100K per day due to the time zone difference.

August 25, 2021
9:59 am
mustang
Member
Members
Forum Posts: 78
Member Since:
January 7, 2020
sp_UserOfflineSmall Offline

Just called in
They picked up immediately
Had them move the money I had transferred into checking account, into the 1.5% Earn More Park account
Inquired about M2M pull transfers-- they confirmed max 100K-- not daily, but 25 hours after earlier transfer
Also asked to confirm that I could transfer in any larger amount, if I pushed it from my external account
At first she said no, I could only bring in 100K-- but I asked her to double check,
She came back said I was right, I could push in larger amount from external
Hopefully they won't close down the promo for a little while yet

August 30, 2021
8:08 am
Bobbyjet11
Member
Members
Forum Posts: 67
Member Since:
December 27, 2020
sp_UserOfflineSmall Offline

mustang said
Just called in
They picked up immediately
Had them move the money I had transferred into checking account, into the 1.5% Earn More Park account
Inquired about M2M pull transfers-- they confirmed max 100K-- not daily, but 25 hours after earlier transfer
Also asked to confirm that I could transfer in any larger amount, if I pushed it from my external account
At first she said no, I could only bring in 100K-- but I asked her to double check,
She came back said I was right, I could push in larger amount from external
Hopefully they won't close down the promo for a little while yet  

DUCA has been the most responsive of the institutions I have dealt with. How refreshing to have my call picked up immediately and not have to sit and listen to the same recording over and over.
The worst extreme is Questrade customer service: I had to wait 3-4 hours on hold one afternoon waiting for a CSR to take my call.

August 30, 2021
8:14 am
COIN
Member
Members
Forum Posts: 654
Member Since:
March 15, 2019
sp_UserOfflineSmall Offline

"DUCA has been the most responsive of the institutions I have dealt with. How refreshing to have my call picked up immediately and not have to sit and listen to the same recording over and over."

DUCA also has physical branches so you can actually walk in and see real humans. Some institutions are strictly virtual and you are at the mercy of the phone line and/or computer.

September 1, 2021
7:54 am
Loonie
Member
Members
Forum Posts: 8232
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

In today's email:

"It's back! DUCA's Earn More Savings Promotion is here giving you an opportunity to earn more money. This is a competitive rate in a world where other traditional savings rates are down. Earn 1.50% from the date of deposit through January 31, 2022.

No minimum balance or minimum deposit
Unlimited deposits & withdrawals
No withdrawal restrictions
No monthly fees
Daily interest paid monthly
Non-registered account
Interest earned is taxable
Deposits must be new to DUCA (cannot transfer from current DUCA account)

To ensure your deposit goes in to the correct Earn More Savings Promotion account, visit a branch or call Member Connect at 1.866.900.3822.

Notes
The Earn More Savings Promotion Account is not available for the following: Access at an ATM, bill payments, telephone banking, cheque deposits through the banking app's Remote Deposit feature, or any type of e-transfer, including Me-to-Me transfers.
At the end of the promotional period, all funds in the Member's Promotion account will automatically transfer into the Member's regular (non-promotional) Earn More Savings Account.
Members will be able to view the Promotion account through online banking.
Rate subject to change or campaign end early without notice.
During COVID, we encourage Members to call their branch prior to visiting and to remember protocols around masks indoors and social distancing. Member Connect at 1.866.900.3822 can assist over the phone."

September 1, 2021
8:32 am
cgouimet
Member
Members
Forum Posts: 477
Member Since:
February 7, 2019
sp_UserOfflineSmall Offline

COIN said
Unlike Simplii and Tangerine, DUCA doesn't play silly little games. Same with Manulife Bank and other classy institutions.  

DUCA: A few years ago, I was offered 5-yr GIC's with interest payable/compounded quarterly and GIC's redeemable quarterly. Once signed on, GIC's got labelled with interest payable/compounded annually and GIC's locked for 5-yrs.

Manulife: Classy? Hmm ...

CGO
October 14, 2021
4:47 pm
semi-retired
Member
Members
Forum Posts: 186
Member Since:
April 15, 2015
sp_UserOfflineSmall Offline

Juat received an email for this promo.They must be looking for more money at this time.

January 11, 2022
1:01 pm
GR
Member
Members
Forum Posts: 477
Member Since:
September 15, 2017
sp_UserOfflineSmall Offline

A CSR at Duca just informed me that the promo rate of 1.50% has been extended to August 1, 2022 for the Earn More Park Account. (The promo rate was due to end January 31, 2022, so a 6 month extension.) As usual, they are slow in notifying members by email.

By the way, a Duca 1 year GIC at 1.94% for minimum $25.000 can be purchased today through some GIC brokers/agents.

January 11, 2022
2:15 pm
Loonie
Member
Members
Forum Posts: 8232
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

This promo may not have gone too well for DUCA. They haven't offered an attractive follow-up GIC yet, which one would have expected by now - deposit brokers notwithstanding.
And some of us moved our funds over to Tandia last month.

January 11, 2022
2:25 pm
savemoresaveoften
Member
Members
Forum Posts: 1325
Member Since:
March 30, 2017
sp_UserOfflineSmall Offline

GR said
A CSR at Duca just informed me that the promo rate of 1.50% has been extended to August 1, 2022 for the Earn More Park Account. (The promo rate was due to end January 31, 2022, so a 6 month extension.) As usual, they are slow in notifying members by email.

By the way, a Duca 1 year GIC at 1.94% for minimum $25.000 can be purchased today through some GIC brokers/agents.  

good to know they are offering 1y at 1.94% "secretly". Maybe sign up for that when my "customized" Earn More Park rolls off Jan 31 (They let me park my matured GICs into same 1.5% rate also ends Jan 31, technically the 1.5% promo is for new money only)

January 11, 2022
3:35 pm
GR
Member
Members
Forum Posts: 477
Member Since:
September 15, 2017
sp_UserOfflineSmall Offline

savemoresaveoften said

good to know they are offering 1y at 1.94% "secretly". Maybe sign up for that when my "customized" Earn More Park rolls off Jan 31 (They let me park my matured GICs into same 1.5% rate also ends Jan 31, technically the 1.5% promo is for new money only)  

Funds in the 1.50% account won't "roll off" automatically January 31 because the promo is being extended 6 months. The 1.94% GIC is available today through some agents/brokers, but usually special rates at agents/brokers don't last long.

January 11, 2022
3:53 pm
COIN
Member
Members
Forum Posts: 654
Member Since:
March 15, 2019
sp_UserOfflineSmall Offline

cgouimet said

DUCA: A few years ago, I was offered 5-yr GIC's with interest payable/compounded quarterly and GIC's redeemable quarterly. Once signed on, GIC's got labelled with interest payable/compounded annually and GIC's locked for 5-yrs.

Manulife: Classy? Hmm ...  

I can understand the occasional glitch but Simplii and Tangerine mess with us all the time with their promos for some but not for others. At least when DUCA and Manulife have a promo it is available to all.

January 12, 2022
12:18 pm
savemoresaveoften
Member
Members
Forum Posts: 1325
Member Since:
March 30, 2017
sp_UserOfflineSmall Offline

GR said

Funds in the 1.50% account won't "roll off" automatically January 31 because the promo is being extended 6 months. The 1.94% GIC is available today through some agents/brokers, but usually special rates at agents/brokers don't last long.  

Mine is actually setup as a 1y GIC (start date was last month) but with expiry Jan 31, 2022 at 1.5%. Will see how it goes towards end of the month when they will most likely call me to discuss or vice versa.

January 19, 2022
7:31 am
COIN
Member
Members
Forum Posts: 654
Member Since:
March 15, 2019
sp_UserOfflineSmall Offline

Extended to July 31, 2022.

No permission to create posts

Please write your comments in the forum.