DUCA Earn More Savings Account
As of October 22, 2026, the DUCA Earn More Savings Account pays 0.25% interest on savings.
Rates verified October 22, 2026
Calculate your DUCA interest
Conditions: Ontario residents only; interest paid monthly
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Key account terms
DUCA is one of Ontario's largest credit unions, offering cooperative 'Fair Share' profit distributions, competitive promotional savings rates, and provincial deposit insurance.
- Monthly fee
- $0
- Minimum deposit
- $0
- Transactions
- Unlimited
- Transfer speed
- Instant/1 Day
Pros and considerations
What we like
- Ontario FSRA deposit protection up to $250,000
- Strong promotional rate campaigns
- Cooperative member profit sharing
- Free ATM access via THE EXCHANGE network
Watch out for
- Available to Ontario residents only
- Base rate drops outside bonus campaigns
- Branch network concentrated in southern Ontario
Frequently Asked Questions
Everything you need to know about DUCA's savings rates, terms, and account features.
Who can open an account with DUCA?
DUCA accounts and membership are available to all permanent residents of Ontario.
Is DUCA CDIC insured?
No, as an Ontario credit union, eligible deposits are insured up to $250,000 by the Financial Services Regulatory Authority of Ontario (FSRA).
How is interest calculated and paid on the DUCA Earn More Savings Account?
Interest is calculated daily based on your account's closing balance and deposited directly into your balance on the final business day of each month, compounding your yield monthly.
Can I withdraw my money from DUCA at any time?
Yes. Unlike a GIC (Guaranteed Investment Certificate) which locks in funds for a predetermined duration, this high-interest savings account offers complete liquidity. You can transfer money out at any time without penalty or loss of earned base interest.
How is interest earned at DUCA taxed in Canada?
In non-registered accounts, interest earned is treated as regular taxable income by the Canada Revenue Agency (CRA). DUCA will issue a T5 tax slip if your annual interest exceeds $50 (or upon request for lower amounts). If held inside a TFSA, interest is 100% tax-free.
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