The classic RRSP offers you two great options:

  • The Variable Rate Plan is always in line with current economic conditions
  • The Fixed Rate Plan guarantees your rate for the term you specify
RRSPsVariable RateFixed Rate
Yes No Mininum Investment Required Minimum $500 Initial Investment
Yes Open-ended Term Terms Range from 30 Days to 5 Years
Yes 20% Withdrawal Option Annually After First 90 Days of Investment

Variable Rate RRSP

  • Always in line with current economic conditions
  • Investment is not locked in
  • No minimum balance requirements

Fixed Rate RRSP

  • Guaranteed rate for the term you specify
  • Minimum $500 investment
  • Terms range from 30 days to five years
  • 20% withdrawal option annually after the initial 90 days of your investment

RRSP Loans

Maximizing your annual RRSP contribution means sizeable tax savings in the short term and a healthy nest egg in the long term.

Sometimes it can be tough to come up with the money—especially if you missed making full contributions in previous years.

That’s where Lakeland Credit Union RRSP loans come in. With industry leading rates for both variable and fixed, payment deferral up to 45 days, we can help you make the most of your money.

Automatic Transfer

  • Transfer automatically to your savings account or variable RRSP
  • Numerous transfer options available to meet your needs

If you are transferring your RRSP to us, we’ll cover the transfer-out fees your previous financial institution charges (up to $50 with proof of payment) within 30 days of the charge. Our transfer-out fee: $50.00

* Withdrawals from variable investment products are subject to a $25.00 processing fee.

To learn more about RRSP's check out our Understanding RRSPs  brochure.

* 100% Deposit Guarantee

The Credit Union Deposit Guarantee Corporation provides a 100% guarantee of all deposits with Alberta credit unions. This protection includes accrued interest to the date of payout. Additionally, the Credit Union Act provides that the Government of Alberta will ensure that this obligation of the Corporation is carried out.


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Your deposits are 100% guaranteed by the Credit Union Deposit Guarantee Corporation