In most instances, for fixed rate bonds, your funds are not accessible until the maturity date.
Some banks on the Raisin UK marketplace offer a cooling-off period of 14 days, whereby you have the right to cancel your savings account within 14 calendar days from the date your account was confirmed as opened. Please check your product information sheet in case this is applicable.
You can do this by logging in to your Raisin UK Account, navigating to the relevant savings account (under ‘My savings’), and cancelling your order. Please check your product information sheet for more details.
If you have not yet finished funding your fixed rate bond, and the interest rate decreases (unless the bank chooses otherwise), any unfunded fixed term bond orders will be revoked on the day the rate change is scheduled to take effect.
If you choose to fund your fixed term bond account after the rate has decreased, your funds will be placed at the new, lower rate, and a 14-day cooling-off period will apply.
For full details, please refer to the product fact sheet.