Is there a cooling-off period for fixed rate bonds? 16 May 2022 13:59 No, once your Fixed Rate Bond is open, you cannot close it until your maturity date (except in exceptional circumstances). Related articles How do I open a fixed rate bond? Can I withdraw funds from a fixed rate bond savings account before the maturity date? How long do I have to fund a savings account? Can I close a fixed rate bond? Will the interest or profit rate on a fixed rate bond savings account change?