If the partner bank providing your fixed rate bond offers the option to renew, you can do so by clicking the ‘See renewal options’ button in the ‘Details’ section of your 'Funded product' in your Raisin UK Account. The renewal period for your fixed rate bond is available anytime up until 5 days before maturity.
When making a renewal order, you will receive the interest or expected profit rate available as of 5 days before maturity. Please note, if the bank increases the interest rate for the product you have requested a renewal for, you will receive the higher rate. If the rate increases in the window between 5 days and your maturity date, the new higher rate will not be applied. If you wish to cancel your renewal request, you must do so up to 5 days before your maturity date.