Winter Promo: 3% on Savings Accounts Feb 3 to May 30, 2020 (extended to June 30, 2020) on new money | Page 2 | DUCA Credit Union | Discussion forum

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Winter Promo: 3% on Savings Accounts Feb 3 to May 30, 2020 (extended to June 30, 2020) on new money
February 28, 2020
6:16 am
savemoresaveoften
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For those who are interested, I had the 3% promo from last year that ended Jan31. Withdrew the money after I talked to them initially and said cant put it over the the winter promo which is 3% until May31. Talked to them 2 days ago and politely asked if I qualified for the winter promo. They opened it for me, and I called in to transfer the funds over after the money is in the reg savings acct.

Duca customer support is top notch, even tho their online chat is NOT open at the hours they are supposed to. Leave them email to call back always result in less than 1 day turn around.

March 11, 2020
1:18 pm
Oscar
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Heard a rumor that they will extend this to the end of June

March 11, 2020
1:46 pm
julio
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Confirmed, 3% daily extended till end on June 2020.

March 11, 2020
2:13 pm
lisa
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I just logged on to my Duca Winter promo account and interest rate has dropped to
2.85%. Who confirmed 3% extended to end of June?

March 11, 2020
2:47 pm
BillieBob
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lisa said
I just logged on to my Duca Winter promo account and interest rate has dropped to
2.85%. Who confirmed 3% extended to end of June?  

Just checked and my account still shows a Current Interest Rate of 3%. I haven't confirmed regarding the promo being extended to June 30, 2020 though.

March 11, 2020
3:01 pm
lisa
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Something wonky going on, just double checked my rate and its now back up to 3%. No complaints here, hope it does last till June.

March 11, 2020
3:32 pm
Nehpets
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3% indicated on my account today. No sign of extension.

Where and how are "confirmations" of extensions being found?

Stephen

March 11, 2020
3:34 pm
julio
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Re: post 24
I went to the branch, deposited more money, was told about the extension. DUCA is printing new posters indicating this, so I was told, when I pointed out the discrepancy displayed in the posters plastered in the shopping mall.

March 12, 2020
8:28 am
Oscar
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Duca has updated their website . It now states the promo is extended to June 30.sf-cool

March 12, 2020
9:02 am
fabafter50
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Oscar said
Duca has updated their website . It now states the promo is extended to June 30.sf-cool  

I just called them to confirm that it would extend automatically.
The customer service rep wasn't even aware of the extension, but checked and yes indeed it extends to those enrolled automatically until June 30th. Yay!

March 31, 2020
12:46 pm
Loonie
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I just spoke to Raj at DUCA.
This promotion will close for new contributions at 5pm Eastern today.
You have to have the funds listed in the promo account by then. You can still transfer in from external as long as you make the phone call before 5pm.
Any subsequent withdrawals from the promo account cannot be replaced later.

April 1, 2020
6:58 am
Nehpets
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According to CSR Jacqueline this morning, a new HISA promo, likely lower than 3%, is expected to be announced tomorrow, April 2, if not sooner.

Stephen

April 1, 2020
9:39 am
semi-retired
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Make sure your deposits are in the correct promo 3% savings account.I called them Mar/27 to confirm the promo & the agent said yes but nothing else.I transferred over a large sum the same day to the account I thought was the correct one.It only said .75 at the top of the account page but I figured the additional promo would be added like Tang.Figured interest at little over 8.20 per day.Checked this morning,not much interest for the couple days.Called Duca this morning at 9:30 & explained the situation.Agent looked & explained the deposit had to be put into promo by calling Duca to transfer it to the special 3% account.The agent said the promo ended yesterday but would check into it.At the beginning of our conversation she said it would be recorded for quality assurance.I told her to look up my conversation last week with other agent pertaining to the 3% promo.I just checked my account & the money is now in the Promo Acc. getting 3%.Great service. I also mentioned that I had the 2.75% promo offer from Tang in my back pocket if the 3% Promo was not available.

April 1, 2020
12:51 pm
Nehpets
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Excerpt from chat with DUCA Member Connect:

we are starting a new promotion tomorrow (April 2, 2020) most likely. The rate will be lower than 3%, but should go on for at least one year.

Details are to be finalized, perhaps you can check our website tomorrow.

April 1, 2020
12:55 pm
Loonie
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I was told the new deal will be 2.5%

April 8, 2020
12:50 pm
GR
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New Offer.
According to a CSR at Duca, members who have funds already in the Earn More WINTER Promo Savings Account @ 3% p.a. can purchase, WITH THESE FUNDS ONLY, a 1 year GIC @ 2.75% p.a. This special offer is apparently available now until a few days after June 30, 2020, when the 3% savings promo ends.

Other Offer.
[As discussed in another thread, NEW MONEY transferred from another FI can be deposited to a newly-opened Earn More Savings Account @ 2.50% p.a. (rate subject to change) until March 31, 2021.]

April 8, 2020
7:53 pm
Loonie
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2.75% is a very good one year rate. The question is, will they withdraw it or reduce it before June 30.

Looking at the new 2.5 offer, can anyone remind me of the transfer-in limits at DUCA? I know they have them, but can't seem to find them on their website. Thx.

April 8, 2020
8:27 pm
GR
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Loonie said
2.75% is a very good one year rate. The question is, will they withdraw it or reduce it before June 30.

Looking at the new 2.5 offer, can anyone remind me of the transfer-in limits at DUCA? I know they have them, but can't seem to find them on their website. Thx.  

The CSR seemed to indicate that the 2.75% 1 yr. GIC retention offer would be available until and at June 30th. The GIC promo rate is very attractive. If someone can confirm this with Duca, please post here.

I believe Duca's transfer-in limit was $100k per transaction, $200k per day. This should be verified with a CSR, as limits do change and might be different for different members.

April 9, 2020
5:03 am
Nehpets
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Loonie said
..... remind me of the transfer-in limits at DUCA? ..... 

This is from my own memo notes for DUCA:

Incoming maximum EFT:
$100,000.00 per transaction
$200,000.00 per day

Outgoing maximum EFT:
$50,000.00 per day
$250,000.00 per week
$500,000.00 per month

Mobile cheque deposit has a daily deposit limit of $10,000; weekly max $40,000.
10 calendar days hold on incoming EFT funds

Stephen

April 9, 2020
2:20 pm
mustang
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For whatever it might be worth:
I just asked-- via email-- what was the expiry date on the 2.75% term deposit offer
As I basically expected, the answer was: there is no set expiry date
Presumably meaning it can-- and probably will-- be pulled with little or no notice
The message would seem to be to act quickly-- or risk having it disappear

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