3.10% Earn More Savings Account Promotion (for new money deposits) ...Deposit Rate Increase to 3.25% coming July 18, 202
- Deal Link:
July-14-2022: Deposit Rate Increase to 3.25% coming July 18, 2022
Jun 29th, 2022 10:20 am
Can I open a DUCA account if I live outside Ontario?
Currently, only residents of Ontario can apply to be a DUCA Member.
Jun 29th, 2022 10:36 am
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Jun 29th, 2022 11:22 am
I wish they would remove this ridiculous requirement. It's unnecessary and takes up too much time with their call center.cardero wrote: ↑ Just remember - when you transfer in your funds to your HISA (it's called Earn More at Duca), to get the 3.1% - you have to take further action - you must call (or in branch) to request they transfer the funds into what they call a "Park" account attached to your Earn More Savings one that earns the special 3.1 rate, so don't assume when you transfer in your funds you are getting the promo. Here are the Terms:
For current DUCA Members: Only eligible deposits made in-branch or through Member Connect qualify for the Promotional Rate. Online transfers and transfers through the DUCA phone app are not possible as the Promotion account is only accessible to DUCA staff.
Jun 29th, 2022 3:05 pm
Jun 29th, 2022 3:10 pm
It’s their 1800 number or general email. You can also do the request via the messages in the app or online. But they usually charge .75 to do this so you need to then send another message to get it reversed. A bit antiquated but interest is interest.
Jun 29th, 2022 3:56 pm
Best to look at locking in some GICs as they are around 4% now of not more
Jun 29th, 2022 5:38 pm
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Jun 29th, 2022 6:32 pm
The money has to be in the PARK account as all other accounts offer dismal rates (about 0.70%)sylvestor2002 wrote: ↑ what does "Money already on deposit at DUCA in the form of a term deposit, savings/chequing account, or other investment is not an eligible deposit" mean ? I called DUCA and they said if I already have money in the 'earn more savings promo account' then I'm eligible for the 3.1%. Anyone know if this is correct ?
Jun 29th, 2022 6:34 pm
I suggested 4% one year so that you are not locked in for 4 more years. Rates will go higher so after 1 year, you can always determine what you want to do.
Jun 29th, 2022 9:58 pm
So this is the opposite of what I was told. They told me the Park account was 2.5% a few months ago, then it went up to 2.75% a few weeks ago. They said today it's 3.1% and I don't have to do anything with the money in the Park account to get the 3.1%
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