Duca EMPA Deposit Rate Increase! 3.25% effective Monday, July 18, 2022 | DUCA Credit Union | Discussion forum

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Duca EMPA Deposit Rate Increase! 3.25% effective Monday, July 18, 2022
July 14, 2022
6:03 am
agit
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Just received an email from DUCA
Get ready for a Deposit Rate Increase! 3.25% effective Monday, July 18, 2022

July 14, 2022
7:57 am
for interest sake
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Gotta love DUCA -- one of the most proactive FI's out there!

July 18, 2022
12:38 pm
mecassa
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Little confusing: their latest email says:

"If you already have funds in this account …

Enjoy the rate increase to 3.25%!

DUCA increased the rate on this offer a few times since its launch in the Fall of 2021."

Their website says:
"3.25%
Conditions apply

Earn More Savings Promotion

Maintain maximum flexibility with this high interest savings account. You can deposit and withdraw whenever you need. New deposits only."

and
"Eligible deposits must be new money deposited at DUCA from a new or existing Member. Money already on deposit at DUCA in the form of a term deposit, savings/chequing account, or other investment is not an eligible deposit."

July 18, 2022
1:31 pm
COIN
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I was told that funds already in the PARK account prior to July 18th also get the new 3.25%.

July 18, 2022
1:58 pm
davidgeorge
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My account still shows 3.1% interest rate.

July 18, 2022
2:00 pm
mecassa
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davidgeorge said
My account still shows 3.1% interest rate.  

same for me, but there usually is a slight delay of a day for it to change

July 18, 2022
2:16 pm
victor6433
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Same here 3.1

July 18, 2022
3:10 pm
cgouimet
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I'm still showing 3.1% too.

No panicking as I'm sure they'll fix it.

Hmm... I wonder if this due to the MB CU merger... 🙂

CGO
July 18, 2022
3:23 pm
mustang
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Still 3.1 for moi, aussi
(Didn't get any email, but that's also true of previous raises)
The last raise, for sure, took a day or two before showing up on my account page

July 18, 2022
3:29 pm
cgouimet
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mustang said
Still 3.1 for moi, aussi
(Didn't get any email, but that's also true of previous raises)
The last raise, for sure, took a day or two before showing up on my account page  

You might want to login @ DUCA to check your profile for correct contact info.

Or, maybe your Spam folder ...

CGO
July 18, 2022
8:26 pm
phrank
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It shows 3.25% for me if you check account details.

July 19, 2022
1:18 am
cgouimet
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phrank said
It shows 3.25% for me if you check account details.  

When I reported at 6PM yesterday,

"I'm still showing 3.1% too. No panicking as I'm sure they'll fix it."

it was as I saw it in Account Details.

At 4AM today, it now shows 3.25% as I expected it would eventually ...

CGO
July 19, 2022
4:34 am
savemoresaveoften
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COIN said
I was told that funds already in the PARK account prior to July 18th also get the new 3.25%.  

That’s what I like about them. No BS like new money only.
Duca is on top of my list when it comes to CU right now.

July 19, 2022
5:36 am
Lodown
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savemoresaveoften said

That’s what I like about them. No BS like new money only.
Duca is on top of my list when it comes to CU right now.  

Nice to know they do not exclude "existing " funds. Is there a limit however on how much can be in the account at the top interest rate?

July 19, 2022
6:22 am
savemoresaveoften
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Lodown said

Nice to know they do not exclude "existing " funds. Is there a limit however on how much can be in the account at the top interest rate?  

dont know, but I only put upto $250k anyway which is the insured limit.
So its not as low as $100k in terms of promo rate cap like some other FI does.

July 19, 2022
10:08 am
mecassa
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Yup, now showing 3.25%

July 19, 2022
10:53 am
davidgeorge
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Yes, showing 3.25% now. I am on the phone to move more fund to this 3.25% account and have been waiting for 30 minutes. This phone practice for moving funds is a terrible idea.

July 19, 2022
1:06 pm
cgouimet
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davidgeorge said
Yes, showing 3.25% now. I am on the phone to move more fund to this 3.25% account and have been waiting for 30 minutes. This phone practice for moving funds is a terrible idea.  

Instead of listening to that one 30 second music track on continuous loop, you can accept the call-back. It does work. They call back and you don't loose your place in the line. I did that this morning. 40 minutes later they called while I was in the pool ...

CGO
July 19, 2022
1:54 pm
LeBronBMT
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Any guesses on how long this "promotion" will last? No details on the website.

July 19, 2022
1:59 pm
cgouimet
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LeBronBMT said
Any guesses on how long this "promotion" will last? No details on the website.  

It's open-ended since Dec 2021 I think, with rates steadily increasing.

CGO
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