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Email this6:23 am
December 20, 2016
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DUCA currently pays 3.25% on its promo savings rate that expires Dec 3, 2018.
According to an online CSR with whom I spoke this morning, effective Dec 3, DUCA will offer 3.00% on a one year GIC and 3.15% on a 2 year GIC.
Stephen
3:43 pm
September 15, 2017
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A rep from DUCA phoned with two GIC promo offers after the expiry of the current savings account promo:
1yr GIC 3.00% p.a or
3 yr GIC 3.25% p.a. cashable at same rate annually on each anniversary date
3:55 pm
October 21, 2013
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GR said
A rep from DUCA phoned with two GIC promo offers after the expiry of the current savings account promo:1yr GIC 3.00% p.a or
3 yr GIC 3.25% p.a. cashable at same rate annually on each anniversary date
Just to be clear, do you mean, in the second offer, that they effectively offered the potential of a one-year GIC at 3.25? I just want to b sure that it wasn't an "escalator" type.
If yes, this would be competitive with Meridian, but not with OmniaDirect.
Nobody has called me yet.
But there is still time...
9:38 pm
September 15, 2017
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Loonie said
Just to be clear, do you mean, in the second offer, that they effectively offered the potential of a one-year GIC at 3.25? I just want to b sure that it wasn't an "escalator" type.
If yes, this would be competitive with Meridian, but not with OmniaDirect.
Nobody has called me yet.
But there is still time...
No, it is not an escalator GIC. Yes, my understanding is that you can redeem the 3 year GIC after one year on the anniversary date without penalty and get 3.25% p.a.
I was contacted by a DUCA rep from 1-866-900-3822.
7:46 am
October 21, 2013
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thx
7:01 am
January 16, 2017
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Loonie said
Just to be clear, do you mean, in the second offer, that they effectively offered the potential of a one-year GIC at 3.25? I just want to b sure that it wasn't an "escalator" type.
I got this offered to me as well by phone, and I asked the question many times:
"Is this in fact a 1 year GIC @ 3.25%, renewable for a total of 3 years, compounded yearly, and cashable yearly ? Answer from DUCA: Yes, that is what it is.
I did not see any "text" confirming this, and I would like to see it... If someone has the text about it, could you share here please.
8:03 am
June 2, 2018
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Just spoke to representative,. and she stated that she would send me an email outlining the details of the 3 yr gic, 3.25% offer. She stated that this offer is not posted on their web site.
10:16 am
March 30, 2017
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I was also offered the 3y annual cashable 3.25% GIC. Given they post cashable GIC at reduced rate if redeem early, I like to see the offer too in writing if possible just so no confusion (given the 3.25% offer expires Dec 3rd)
10:50 am
October 21, 2013
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I think it's basically a retention offer, so might only be available to those of us who signed up for the current savings deal, or maybe someone who specifically asks for it. Therefore would not be on their website. They might decide to make it for the general public later - or not. I think they are trying to ward off large withdrawals on Dec 4 by getting people to take out a GIC now. Can't blame them. It makes good business sense.
I think they should make the T&C available to you when you log in though.
12:57 pm
June 2, 2018
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still haven't received written confirmation re this offer, after they promised to email me something.
Has anyone, received confirmation in writing.
7:44 am
December 20, 2016
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anitavirginia said
still haven't received written confirmation re this offer, after they promised to email me something.
Has anyone, received confirmation in writing.
Submitted my own written request today for clarification...hoping for a timely response.
Stephen
3:56 am
January 16, 2017
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anitavirginia said
still haven't received written confirmation re this offer, after they promised to email me something.Has anyone, received confirmation in writing.
I specifically asked for it, and I was told that nothing written is available at this moment for distribution.
"Has anyone, received confirmation in writing" remains a valid question !
9:50 am
December 20, 2016
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Duca's retention offer is a one year GIC at 3%, cashable at 6 months at 2.75%, or a three year GIC at 3.25% cashable at every anniversary.
Have not got this in writing, but from my notes taken in a telephone conversation with CSR.
Stephen
10:42 am
October 21, 2013
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I doubt we'll see anything in writing til Dec 3 or 4. The offer doesn't kick in until the old one ends. And it appears to be restricted to people who participated in the current one - at least for the moment.
That said, I don't anticipate any hitches with the offer. However, it seems strange to offer two different versions - a one year GIC at 3% and one at 3.25%. Is there some condition that will make it difficult to cash in after one year at 3.25? Seems to me it would be in their interests to just offer the deal that lasts longer. But what do I know? lol
The problem is, if I'd wanted to put it in at 3.25 for a year, I coulda done that already at Meridian already. The money I have at DUCA is meant to remain in cash, so it's unlikely it will remain there.
I kind of like DUCA though, despite some wrong info given to me by their in-branch-person-with-a-desk, I'd like to find a reason to stay with them, but this isn't it. Still looking for an exceptional four-year rate....
1:41 pm
December 20, 2016
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Just received a written confirmation by return email:
...promotional rates for only the funds in our Earn More Promotional Account. You can add more funds to these rate exceptions.
1 year @3.00%, cashable after 6 months at 2.75%.
3 years @3.25% Cashable on anniversary
5 years @3.50%
3:41 am
January 16, 2017
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This is the only written communication that I got:
-------------------------------------------
Now that you're here...stay with us!
Exclusive high interest offers for our fall Earn More Promotion participants
Thank you for participating in DUCA's Earn More Savings Promotion Account offer of 3.25%. This attractive promotion will continue to earn more for you over the next few weeks as the promotional rate ends after December 3.
Let us show you how you can continue to save with DUCA! We have a number of exclusive deposit offers available to you as soon as the current promotion ends.
Your branch manager and team will contact you in the coming days to share details of our exclusive offers.
Can't wait to be called?
Contact us before December 4 to discover our Special Offers.
Feel free to reach out to your branch or call 1.866.900.3822 and let them know you'd like to Earn More!
-------------------------------------------
5:34 am
January 16, 2017
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Today (Dec 3rd) is the last day...
What have you decided to do ? Stay with the new DUCA GIC "special" offer or move somewhere else ? What is(are) the best alternative(s) for you ?
9:11 am
December 20, 2016
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I'll leave a portion with DUCA in their 3 year, annually cashable 3.25% GIC deal.
Stephen
1:44 pm
October 21, 2013
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I'm putting some in the EQ 3 month at 3.33, and the rest i'm parking at Hubert in HISA and one year until something better comes along. Some will go into 2019 TFSA.
Why DUCA would think that a GIC is a reasonable substitute for a HISA beats me. If I'd wanted a GIC for this money, I would have taken one out in the first place. They should at least offer a good short term deposit like EQ's, if they want to hang on to the money.
NOTE: Withdrawal limits at DUCA are 50K per day, 250K per week, 500K per month. I should have started last week!
7:40 am
December 20, 2016
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Loonie said
I'm putting some in the EQ 3 month at 3.33
If you don't mind putting up with EQ's intolerable behavior and practices..
Withdrawal limits at DUCA are 50K per day......
I had forgotten about that too, however yesterday's EFT arrived at the destination FI later the same day...I'm hoping the same will occur with subsequent transfers.
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