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DUCA Financial Services Credit Union is an Ontario financial institution owned by its 93,000+ Members (anyone with an account.) To help our Members do more, be more and achieve more™ with their money and their lives, we offer high deposit rates, competitive mortgage rates, no-fee everyday banking, and a profit sharing program that rewards Members for banking with us.
In today’s shifting rate environment, finding a dependable savings option can feel like a balancing act. Introducing our Earn More Savings Promotion—a blend of flexibility and tranquility that lets you grow your savings without the stress. Enjoy high interest on new deposits and the freedom to access your funds anytime. Simply sit back, relax, and watch your savings grow!
No locked-in terms
Maintain maximum flexibility with your funds. Deposit and withdraw whenever you need.
Daily interest paid monthly
We pay your earned interest at the end of each month, using this higher interest rate.
No minimum deposit
It’s your account. Open it and start saving with whatever amount works for you.
No monthly fee*
Your savings are your savings. There’s no monthly fee to take away from your hard earned money.
Self-serve account opening
Conveniently open an account online with just a few clicks.
* EMT charges apply as per usage at $1.25/transfer.
- Eligible Deposits: To qualify for the promotional rate, deposits must be new to DUCA. Eligible funds include: In branch deposits into the Earn More Savings Boost Promo using cash, cheque, and bank drafts as well as online deposits into the Earn More Savings Boost Promo from Electronic Money Transfers (EMT), Me-to-Me transfers, and Mobile Remote Deposit Capture (cheque). Existing Fund Transfers from existing DUCA accounts are not eligible.
- Rates: Rates are subject to change and the campaign can end early without notice.
- Interest: Daily interest paid monthly. Earn 5.25% interest from August 21, 2024, to November 18, 2024. The rate will automatically adjust to 4.00% from November 19, 2024, to February 28, 2025. On March 1, 2025, any remaining funds will automatically transfer to a regular Earn More Savings Account.
- Account Distinction: The Earn More Savings Boost Promo account is new as of August 21, 2024, and is distinct from previous promotional accounts.
- Account Opening: Members can open an account directly through their online banking platform, in branch, or by calling our Member Connect Team at 1-866-900-3822.
- Self-Serve Online Account Opening: Single ownership non-registered accounts can be opened directly through online banking using a desktop or laptop. Joint ownership accounts require Member Connect or branch assistance. To open an Earn More Savings Boost Promo account through the self-serve online account opening feature in online banking, Members must transfer a minimum of $0.01- $1.00 from an existing DUCA account for activation. Once the account is activated with this initial transfer, any subsequent transfers from existing DUCA accounts will not qualify for the promotion. The self-serve online account opening feature is not available through the mobile app and is not available for Business Members.
- Limitation: The Earn More Savings Boost Promo is a non-registered account. The Earn More Savings Boost Promo is not available for the following: debit card access, access at an ATM, bill payments, telephone banking, direct deposit.
- E-Transfer: The e-transfer fee of $1.25 may apply, depending on your account type.
- Offer timeframe: Offer currently available from August 21, 2024, to February 28, 2025. When the promotion ends, all funds in the Member's Earn More Savings Boost Promo account will automatically transfer into the Member's regular (non-promotional) Earn More Savings Account. Offer can end early without notice.
- Tax Implications: Interest earned is taxable.
- Insurance: Eligible deposits in non-registered accounts are insured up to $250,000 through the Financial Services Regulatory Authority. www.fsrao.ca.
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