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DUCA 2.5% now till August
June 12, 2017
5:30 pm
moneyman
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Looks like they brought back their offer from last year. Drawbacks are it's a short term. Positives is it's up to 2M. If you haven't banked with them they are a friendly group great customer service.

September 15, 2017
5:57 am
Saver-Mom
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Duca has a new improved offering now:

Rates are up!

Give your savings a serious boost with new deposits into an Earn More Savings Account* at 2.75%! But act fast — this offer expires December 14, 2017.

Get more with an Earn More Savings Account:

DUCA’s highest posted savings rate
No locked in terms
No minimum deposit
No minimum balance
Daily interest paid monthly
Insured by DICO
Take advantage of this opportunity to earn more interest on savings.

>> Visit your branch or call Member Connect at 1.866.900.3822.

September 18, 2017
2:04 am
Loonie
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thanks, Saver-Mom.
Does anyone know if this account allows online transfers to a linked external account? It says the interest is paid monthly for this account.

I am puzzled by offers like this. DUCA's regular rates right now are abysmal. Nobody in their right mind would leave the money there after Dec 14 (I hope!). So, why do they do this?
It makes me a bit uncomfortable to think I might be banking with an FI that assumes I'm too stupid to notice the offer's over and others are offering much much better - even Meridian who is their competition in parts of Ontario at least, and who operates under the same credit union umbrella.

October 14, 2017
6:08 am
AlainJF
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I am surprised that this 2.75% does not get more attention here on this forum.

Ref: https://join.duca.com/promo/earnmore

Anything obviously "wrong" with DUCA that I need to consider before joining them ?

October 14, 2017
9:28 am
JenE
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I've taken advantage of the 2.75% offer running to mid-December. Also will receive $50 for joining after 90 days AND DUCA makes a $50 donation to a charity of one's choice. It costs $1 to join.

I went into a branch as the CSR advised it was easier than online. I found this to be true as I'm not great with technology. The 2.75% offer is the "Earn More Park Account". The charitable donation is through DUCA's DUGood.sf-laugh

You can also earn $20 or $25, can't remember which, if you refer someone else.

October 14, 2017
2:19 pm
Loonie
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AlainJF said
I am surprised that this 2.75% does not get more attention here on this forum.

Ref: https://join.duca.com/promo/earnmore

Anything obviously "wrong" with DUCA that I need to consider before joining them ?  

They do a hard credit check. This might be an issue for some people.

October 14, 2017
8:30 pm
frizun
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Do they have a EFT system for linking up other bank accounts?
Do they at least give out banking numbers so you can link up from the other bank?

October 15, 2017
9:33 am
JenE
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I was able to link to my "big bank". I'm phoning them tomorrow to ask about Tangerine. I don't know about 'banking numbers'. Perhaps I should ask!

October 15, 2017
11:03 am
Loonie
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I think the banking number probably referred to the number assigned to each FI to facilitate transfers. I believe it's a four digit number.

October 15, 2017
12:24 pm
tcharger67
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yes, they can be linked to any account
I currently have them linked to my TD and my Tangerine account
you can set up on both ends with ease, they operate just like any other account.

October 15, 2017
7:46 pm
frizun
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By banking numbers I meant the banks transit number and institution number.
Then you use them to link up the account to accounts at other banks such as Hubert or Tangerine.
Good to know it can be done.

October 20, 2017
11:21 pm
GoldenLion
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Loonie said

They do a hard credit check. This might be an issue for some people.  

I tried to open an online account but because I did not pass the online credit check I had to open an account at a branch.The rep there said I had a very high credit score.(but I had an account at People's Trust when it was hacked and my personal information was stolen.) I have an online Duca account but it only has limited functionality.I had to visit a branch to open an Earn More Park Account to get the 2.75% rate and I cannot transfer money into it online so I deposit cheques at the branch. However I can go online to transfer out of the 2.75% Earn More Park Account to a linked account (Tangerine).

October 22, 2017
10:39 am
tcharger67
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goldenlion, i have the same issue. But if you use the contact us, once logged in, it creates a secure email. Duca allowed me to do multiple transfers free of charge into my 2.75% introductory rate account via secure message.
It sounds funky, but ive done multiple moves free of charge.

My once logged in contact us email looked as follows

Duca, please move 0000.00$ from my savings account, into my Promotional 2.75% savings account immediately. thanks Ken

worked great, and its usually that day(excluding sundays)

October 23, 2017
9:46 am
GoldenLion
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Thanks for that suggestion tcharger67. I will have to make use of that service.

October 23, 2017
4:07 pm
AlainJF
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GoldenLion said
Thanks for that suggestion tcharger67. I will have to make use of that service.  

Be careful with those "free of charge" transfer services from DUCA (requested by email or directly on the phone)... From what I have understood, they are free only if they are from your savings account.

For example:
- From "savings" to "Earn More Park Account" ==> Free
- From "Earn More Savings Account" to "Earn More Park Account" ==> $Fees$

You need DUCA's help to move $ to the "Earn More Park Account" (2.75%). To avoid $Fees$, put the $ in your savings account before you make the move request.

October 23, 2017
7:31 pm
tcharger67
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Alain, they have charged me 2.00$ per transaction, for which i've had 5.
all have been refunded within the day, without me saying anything.
just my 2 cents. i have never been charged for a transaction at duca, as long as it was using duca. That being said, I asked duca if they charge anything to send my funds to my TD or tangerine.... I was informed NO, as long as the transaction is initiated in duca's online banking. If I pull using TD or Tangerine's online banking, I will get a charge.

October 24, 2017
4:33 am
AlainJF
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tcharger67 said
Alain, they have charged me 2.00$ per transaction, for which i've had 5.
all have been refunded within the day, without me saying anything.
just my 2 cents. i have never been charged for a transaction at duca, as long as it was using duca. That being said, I asked duca if they charge anything to send my funds to my TD or tangerine.... I was informed NO, as long as the transaction is initiated in duca's online banking. If I pull using TD or Tangerine's online banking, I will get a charge.  

My post was exactly about how to avoid the 2.00$ charge per transaction when you ask DUCA`s employees to do a transfer for you. Refunds (that might not come automatically all the time) are not required when you are not charged in the first place.

October 24, 2017
1:42 pm
GoldenLion
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AlainJF said

Be careful with those "free of charge" transfer services from DUCA (requested by email or directly on the phone)... From what I have understood, they are free only if they are from your savings account.

For example:
- From "savings" to "Earn More Park Account" ==> Free
- From "Earn More Savings Account" to "Earn More Park Account" ==> $Fees$

You need DUCA's help to move $ to the "Earn More Park Account" (2.75%). To avoid $Fees$, put the $ in your savings account before you make the move request.  

Thanks for bringing that to my attention.When I look at the Duca fee listing for in-branch services it states that Earn More Savings Account Transactions (Transfers, Deposits & Withdrawals) cost $2.00. I guess that includes phoned-in or emailed requests. I don't expect to be charged a fee when I deposit money in a savings account (only when I make a withdrawl).

November 1, 2017
9:10 am
CHUCK21
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DUCA IS NOW 2.75 UNTIL DECEMBER 15TH. 2017. I DO NOT YET KNOW IF THEY HAVE A WITHDRAWAL LIMIT. YES, THEY ARE EASY TO DEAL WITH.

November 2, 2017
9:21 am
Peter
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Thanks for sharing! Here's the link to the DUCA site with full details: https://www.duca.com/mymoney/banking/savings-accounts/earn-more-incredible-savings/

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