Fall in postal account rates

RATES on some building society postal accounts have fallen slightly over the past few days.

Both Britannia and Skipton Building Societies, for example, have cut rates, leaving the North of England's Edinburgh account offering the highest rates.

Guaranteed income bonds and Tessas have shown little fluctuation recently, although Manchester Building Society is now offering a competitive Tessa.

For minimum investments of pounds 50 Manchester offers a rate of 8.55 per cent and no penalty on transfers.