Is there a cooling-off period for fixed rate bonds? August 28, 2023 16:11 Updated No, once your Fixed Rate Bond is open, you cannot close it until your maturity date (except in exceptional circumstances). Related articles Can I close a fixed rate bond? Will the interest or profit rate on a fixed rate bond savings account change? Can I withdraw funds from a fixed rate bond savings account before the maturity date? What should I do if I don’t want to renew my savings account? What is a fixed rate bond?