Is there a cooling-off period for fixed rate bonds? December 27, 2021 04:52 Updated No, once your Fixed Rate Bond is open, you cannot close it until your maturity date (except in exceptional circumstances). Related articles How long do I have to fund a savings account? Can I close a fixed rate bond? Why am I unable to transfer money into my Raisin UK Account? Can I withdraw funds from a fixed rate bond savings account before the maturity date? Will the interest or profit rate on a fixed rate bond savings account change?