DUCA 1.50% Promo | Page 3 | DUCA Credit Union | Discussion forum

Loonie said
I just made 3 successful online transfers into DUCA from external account, initiated at DUCA.
I then phoned DUCA, got through immediately, and had the rep transfer the money to Park account.
Logged in again and confirmed that the new money is in Park account at 1.5%.
The maximum transfer-in for one day is 100K.

I realize it's not working for everyone, and DUCA is aware of this and trying to fix it, but it's worth trying.  

Not too concerned - most of my funds are presently in other promos @2% ending Sept 3 and 1.5% ending end of Oct so if it DUCA happens fine and if not so be it.

By the way the maximum transfer in amt of 100K is more than a 24hour day. The rep explained the system is maintained/updated (I think she said in Alberta) so it is 25 or 26 hours before you can exceed the 100K per day due to the time zone difference.

mustang said
Just called in
They picked up immediately
Had them move the money I had transferred into checking account, into the 1.5% Earn More Park account
Inquired about M2M pull transfers-- they confirmed max 100K-- not daily, but 25 hours after earlier transfer
Also asked to confirm that I could transfer in any larger amount, if I pushed it from my external account
At first she said no, I could only bring in 100K-- but I asked her to double check,
She came back said I was right, I could push in larger amount from external
Hopefully they won't close down the promo for a little while yet  

DUCA has been the most responsive of the institutions I have dealt with. How refreshing to have my call picked up immediately and not have to sit and listen to the same recording over and over.
The worst extreme is Questrade customer service: I had to wait 3-4 hours on hold one afternoon waiting for a CSR to take my call.

In today's email:

"It's back! DUCA's Earn More Savings Promotion is here giving you an opportunity to earn more money. This is a competitive rate in a world where other traditional savings rates are down. Earn 1.50% from the date of deposit through January 31, 2022.

No minimum balance or minimum deposit
Unlimited deposits & withdrawals
No withdrawal restrictions
No monthly fees
Daily interest paid monthly
Non-registered account
Interest earned is taxable
Deposits must be new to DUCA (cannot transfer from current DUCA account)

To ensure your deposit goes in to the correct Earn More Savings Promotion account, visit a branch or call Member Connect at 1.866.900.3822.

Notes
The Earn More Savings Promotion Account is not available for the following: Access at an ATM, bill payments, telephone banking, cheque deposits through the banking app's Remote Deposit feature, 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 Member's regular (non-promotional) Earn More Savings Account.
Members will be able to view the Promotion account through online banking.
Rate subject to change or campaign end early without notice.
During COVID, we encourage Members to call their branch prior to visiting and to remember protocols around masks indoors and social distancing. Member Connect at 1.866.900.3822 can assist over the phone."

Juat received an email for this promo.They must be looking for more money at this time.

This promo may not have gone too well for DUCA. They haven't offered an attractive follow-up GIC yet, which one would have expected by now - deposit brokers notwithstanding.
And some of us moved our funds over to Tandia last month.

savemoresaveoften said

good to know they are offering 1y at 1.94% "secretly". Maybe sign up for that when my "customized" Earn More Park rolls off Jan 31 (They let me park my matured GICs into same 1.5% rate also ends Jan 31, technically the 1.5% promo is for new money only)  

Funds in the 1.50% account won't "roll off" automatically January 31 because the promo is being extended 6 months. The 1.94% GIC is available today through some agents/brokers, but usually special rates at agents/brokers don't last long.

GR said

Funds in the 1.50% account won't "roll off" automatically January 31 because the promo is being extended 6 months. The 1.94% GIC is available today through some agents/brokers, but usually special rates at agents/brokers don't last long.  

Mine is actually setup as a 1y GIC (start date was last month) but with expiry Jan 31, 2022 at 1.5%. Will see how it goes towards end of the month when they will most likely call me to discuss or vice versa.