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DUCA Earn More Promo Upgrade!
November 7, 2023
4:38 am
cgouimet
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Effective on November 9, 2023, DUCA is going self-serve for opening Promo accounts and self-serve for transfers to the Promo account. No phone call required!

They are also eliminating the end date apparently "allowing you to enjoy the promotion without any time restrictions" but I suspect it's more like "we're not committing to a duration for 6.25% and we're giving us the option to reduce the rate at any time".

CGO
November 7, 2023
6:55 am
COIN
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"suspect it's more like "we're not committing to a duration for 6.25% and we're giving us the option to reduce the rate at any time".

Will DUCA give reasonable advance notice if they discontinue the promo?

November 7, 2023
7:30 am
phrank
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If they do decide to discontinue the rate it's much easier for me to move my funds elsewhere.

November 7, 2023
7:38 am
cgouimet
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COIN said
"suspect it's more like "we're not committing to a duration for 6.25% and we're giving us the option to reduce the rate at any time".

Will DUCA give reasonable advance notice if they discontinue the promo?  

The email doesn't say ...

CGO
November 7, 2023
7:40 am
cgouimet
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phrank said
If they do decide to discontinue the rate it's much easier for me to move my funds elsewhere.  

Actually, you can do that now. You can move $ out of the promo account and then push it or pull it as you wish. Currently you just can't add $ to the promo account.

CGO
November 7, 2023
11:54 am
phrank
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cgouimet said

Actually, you can do that now. You can move $ out of the promo account and then push it or pull it as you wish. Currently you just can't add $ to the promo account.  

I've been reluctant to move money out sometimes because it's a hassle to move it back. I didn't mean that with this change you are able to move it out, I meant it will be easier to do what I want and move my money where ever I want, including back in or out.

November 7, 2023
12:22 pm
savemoresaveoften
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COIN said
"suspect it's more like "we're not committing to a duration for 6.25% and we're giving us the option to reduce the rate at any time".

Will DUCA give reasonable advance notice if they discontinue the promo?  

Whenever there is a rate change, promo or not, there is no obligation to give 'reasonable advance notice'. Most are immediate / next day and I rarely was given a "heads up" either. That applies to GIC change too in most instant (There are a couple of CUs that will give u the email heads up, big6, not a chance)

November 8, 2023
6:49 am
AR
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5.75 as of this morning. Maybe promo page update?

November 8, 2023
6:58 am
COIN
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AR said
5.75 as of this morning. Maybe promo page update?  

Does this mean no longer 6.25%?

November 8, 2023
6:58 am
cgouimet
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AR said
5.75 as of this morning. Maybe promo page update?  

Hmm!

CGO
November 8, 2023
7:11 am
cgouimet
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AR said
5.75 as of this morning. Maybe promo page update?  

This is what they sent Monday at 14:30 ...Scn-Cap-2023-11-08-@-10.09.39.JPG

CGO
November 8, 2023
7:18 am
davidgeorge
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Wow, the rate dropped to 5.75% so quickly? This is not a good sign.

I logged into my account, it still shows 6.25%.

November 8, 2023
7:19 am
phrank
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cgouimet said

This is what they sent Monday at 14:30 ...Scn-Cap-2023-11-08-@-10.09.39.JPG  

Lol, so if this isn't an error, they're technically they're breaking their own rules as I see on the website it lists 5.75% everywhere now and it's not Nov 9th yet, unless the note at the bottom was effective immediately and the service change is the only thing changing on the 9th. My account details still shows 6.25%, but all banners show 5.75%.

November 8, 2023
7:21 am
savemoresaveoften
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so existing deposit grandfathered at 6.25%, new money 5.75% I guess.
50bps convenience charge for being able to DIY lol

November 8, 2023
7:21 am
cgouimet
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phrank said

Lol, so if this isn't an error, they're technically they're breaking their own rules as I see on the website it lists 5.75% everywhere now and it's not Nov 9th yet. My account details still shows 6.25%, but all banners show 5.75%.  

My read is that if you have an existing promo at 6.25% till Jan 31, you should be at 6.25% till Jan 31 but it seems new accounts will now be 5.75%

CGO
November 8, 2023
7:23 am
cgouimet
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savemoresaveoften said
so existing deposit grandfathered at 6.25%, new money 5.75% I guess.
50bps convenience charge for being able to DIY lol  

"Great" minds think alike?

CGO
November 8, 2023
7:23 am
phrank
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savemoresaveoften said
so existing deposit grandfathered at 6.25%, new money 5.75% I guess.
50bps convenience charge for being able to DIY lol  

sf-laugh That makes sense in todays climate where you pay more to buy tickets etc online vs doing it in person!

November 8, 2023
7:25 am
phrank
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cgouimet said

My read is that if you have an existing promo at 6.25% till Jan 31, you should be at 6.25% till Jan 31 but it seems new accounts will now be 5.75%  

Does that mean you also won't be able to transfer in on your own if your grandfathered, sf-wink.

The sloppiness of communication is just crazy. I just accept now how any transaction goes is based on luck of the draw.

November 8, 2023
7:29 am
cgouimet
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phrank said

Does that mean you also won't be able to transfer in on your own if your grandfathered, sf-wink.

The sloppiness of communication is just crazy. I just accept now how any transaction goes is based on luck of the draw.  

I'm guessing you will get the DIY ability to add to your promo account. But your rate is grandfathered because that's the offer they made that you accepted. Until Jan 31 ... Enjoy it ...

CGO
November 8, 2023
7:34 am
The Rock
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COIN said
Will DUCA give reasonable advance notice if they discontinue the promo?  

The easy three letter answer to that question is below.

LOL.

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