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DUCA Summer HISA Promo 2023
June 27, 2023
12:22 pm
Loonie
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by email

"June 27, 2023

The sooner you're in, the more you'll earn!

Our Earn More Savings Promotion offer of 4.75% on new deposits is available now through August 31 so the sooner you take advantage of this rate, the more you'll earn.

No minimum balance or minimum deposit
Unlimited deposits and withdrawals
No withdrawal restrictions
No monthly fees
Daily interest paid monthly
Eligible for non-registered accounts

Don't delay: To ensure your deposit goes in to the 2023 Summer Earn More Promo account, visit a branch or call Member Connect at 1.866.900.3822.

Did you participate in the Spring Earn More Promotion offer?

The rate associated with that offer ran from around mid-February through April 30, 2023. As per the terms of that offer, funds in the Spring promotional account rolled into our standard Earn More Savings Account on May 1, 2023, unless you provided us with alternate instructions.

You can continue to earn high interest through the new Summer campaign by bringing in your new deposits to DUCA!

The Fine Print
Deposit funds must be new to DUCA.

This Promotion account is not available for the following: ATM Access, bill payments, telephone banking, cheque deposits through the mobile banking app, 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 non-promotional Earn More Savings Account.

Members will be able to view the Promotion account through online banking and on their Statements.

Rate subject to change or campaign end early without notice.

Interest earned will be taxable

New: Take advantage of this offer and earn profit-share rewards under our new Do More Profit Sharing program!"

I think the warning about not depositing through transfers or cheque deposit app means that you have to deposit to another account and then phone to have it transferred to the promo account. That is the way it has worked in the past.

June 27, 2023
12:31 pm
cgouimet
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This offer has been there for a few months.

I plan to move our TNG 5.0% and 5.25% before they expire Jul 31, unless one or both get extended of course.

Then, the hope is that DUCA will keep extending their 4.75% one month at a time as they have often done in the past...

CGO
July 20, 2023
9:24 am
MG
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Offer Now Increased to 5.25% and Extended to January 31 - will now consider this againDUCA.png

July 20, 2023
9:56 am
COIN
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It applies to both existing and new funds, if I read it correctly.

July 20, 2023
12:20 pm
Loonie
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"New deposits only"
https://www.duca.com/

July 20, 2023
1:18 pm
JPenterprise
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It's an extension: "All deposits already in the 2023 Summer Earn More Promo account as well as new deposits into the account will now earn an incredible 5.25% return!"

July 21, 2023
3:55 pm
davidgeorge
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I checked my Earn More Park account, and the interest rate is 3.25%.

Screenshot-2023-07-21-185322.jpg

July 21, 2023
4:25 pm
Nehpets
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davidgeorge said
I checked my Earn More Park account, and the interest rate is 3.25% 

Earn More Park acct no longer in use. The promo account( s ) currently in use are labeled as Spring Promo 4.75% and Summer Promo 4.75%. The interest rate on both has been updated, in account details, to 5.25%.

Stephen

July 21, 2023
5:32 pm
COIN
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Nehpets said

davidgeorge said
I checked my Earn More Park account, and the interest rate is 3.25% 

Earn More Park acct no longer in use. The promo account( s ) currently in use are labeled as Spring Promo 4.75% and Summer Promo 4.75%. The interest rate on both has been updated, in account details, to 5.25%.

Stephen  

Their multiple savings accounts does lead to confusion. Also, are you able to deposit directly to one of the earn more savings account or does it have to be done by DUCA staff?

July 21, 2023
8:11 pm
Loonie
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To be a bit more precise, the Earn More Park account at 3.25 still exists, but you can no longer contribute to it and there is no reason you'd want to. I still have a little bit in it which I've not got around to moving.

July 22, 2023
2:58 am
davidgeorge
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Nehpets said

davidgeorge said
I checked my Earn More Park account, and the interest rate is 3.25% 

Earn More Park acct no longer in use. The promo account( s ) currently in use are labeled as Spring Promo 4.75% and Summer Promo 4.75%. The interest rate on both has been updated, in account details, to 5.25%.

Stephen  

Thanks, good to know. I don't have any Spring or Summer Promo accounts yet. I guess I have to phone DUCA to add a new promo account with new fund.

July 23, 2023
7:51 am
COIN
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Nehpets said

Earn More Park acct no longer in use. The promo account( s ) currently in use are labeled as Spring Promo 4.75% and Summer Promo 4.75%. The interest rate on both has been updated, in account details, to 5.25%.

Stephen  

This is confusing. It says "new money only" in their email.

July 23, 2023
8:37 am
cgouimet
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COIN said

This is confusing. It says "new money only" in their email.  

In the body of the email I received it reads new $ and $ already in the promotional account.

I only have $1 in my promotional account @ DUCA which still reads 3.25% for some reason. Since our $ are already @ 5.25% @ TNG through Oct, I'm not going to worry about it until early Oct - moving $ in/out of TNG's 5.25% is much easier than DUCA's ...

CGO
July 23, 2023
10:23 am
COIN
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I highlighted "new money only".

duca.JPG

July 23, 2023
11:14 am
cgouimet
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COIN said
I highlighted "new money only".

duca.JPG  

Yes but continue past the headline to "If you already have funds in this account ..."

DUCA-4.75_5.25%-Ext-Offer-1.png

CGO
July 23, 2023
11:16 am
cgouimet
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cgouimet said

Yes but continue past the headline to "If you already have funds in this account ..."

DUCA-4.75_5.25%-Ext-Offer-1.png  

Sorry. For some reason it won't show the pic ...

CGO
July 23, 2023
12:20 pm
COIN
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cgouimet said

Sorry. For some reason it won't show the pic ...  

That's ok. Yes, there is a contradiction here. Wish DUCA would clarify.

BTW: I had problem posting my pic as well.

July 23, 2023
6:59 pm
Moneyman2
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New money only, as stated in their promotional ad. I actually have had the account open previously and to just be sure, transfered the $$ back out of Duca to my home bank. It was received yesterday and I did the transfer back to Duca as "New money" You always have to call them and they will move to the summer account from park account. This is their way of verifying that it is "New money"
Great rate I think 5.25% with ability to move anytime you want. GL

July 23, 2023
8:47 pm
COIN
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Moneyman2 said
New money only, GL  

If true, does this mean"old" get 4.75% while "new" money get 5.25%?

July 24, 2023
1:58 am
cgouimet
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COIN said

If true, does this mean"old" get 4.75% while "new" money get 5.25%?  

When you read the email you received (mine was Jul 20), there is this section ...

Screenshot-2023-07-24-at-04-54-48-Screenshot.png

CGO
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