The Chelsea Building Society is reducing its investment interest rates from 21 October.
On its postal Instant Option for accounts of £25,000 plus the gross rates is cut from 4.65 per cent to 4.4 per cent. For savings of £5,000 to £9,999 the rate is cut from 3 per cent to 2.6 per cent.
For the postal Capital Plus account the rate is cut from 4.45 per cent to 4.15 per cent.
The branch Instant Account rate for savings of over £5000 is cut from 6.5 per cent to 6.25 per cent.