Is Bank of Scotland or Cambridge Building Society better for your small business?
Below we look at both Bank of Scotland and Cambridge Building Society reviews on Trustpilot along with their App reviews from Apple and Google.
We then look at typical fees, business savings rates, foreign currency options and a whole bunch of other account features to help you make up your mind.
Bank of Scotland vs Cambridge Building Society Trustpilot Reviews
| Bank of Scotland | Cambridge Building Society | |
| Trustpilot Review Score (out of 5) | 1.6 | 3.1 |
| Percent 5-Star Reviews | 12% | 53% |
| Percent 1- Star Reviews | 80% | 47% |
| Total Number of Reviews | 649 | 15 |
https://www.trustpilot.com/review/www.bankofscotland.co.uk
https://www.trustpilot.com/review/www.cambridgebs.co.uk
Bank of Scotland vs Cambridge Building Society App Reviews
| Bank of Scotland | Cambridge Building Society | |
| iPhone Review Score (out of 5) | 4.8 | 4 |
| Number of iPhone Reviews | 269,400 | 35 |
| Android Review Score (out of 5) | 4.5 | 2.6 |
| Number of Android Reviews | 44,100 | 29 |
https://apps.apple.com/gb/app/bank-of-scotland-mobile-bank/id485728109
https://apps.apple.com/gb/app/cambridge-building-society/id1228676229
Bank of Scotland vs Cambridge Building Society Account Fees & Charges
| Bank of Scotland | Cambridge Building Society | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £8.50 | £10 |
| Most Expensive Monthly Account Fee | £8.50 | £20 |
| Electronic Payment Cost (in/out) | Free / 20p | Free |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | £1.50 |
| Cheques (in/out) | 85p per cheque | Free |
| CHAPS Payments Cost | £30 | No |
| SEPA Payments Cost | £5 | No |
Bank of Scotland vs Cambridge Building Society Business Savings Rates
| Bank of Scotland | Cambridge Building Society | |
| Types of Business Savings Accounts | Fixed Term Deposit, Notice Accounts, Instant Access Account | Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond |
| Lowest Savings Rate (AER) | 1.31% | 2.90% |
| Maximum Savings Rate (AER) | 4.37% | 4.25% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Bank of Scotland vs Cambridge Building Society Account Opening Times
| Bank of Scotland | Cambridge Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | Undisclosed |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Bank of Scotland vs Cambridge Building Society Features & Account Types
| Bank of Scotland | Cambridge Building Society | |
| Business Current Account | Yes | No |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | None |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Scotland only | Locations around Cambridge |
Bank of Scotland vs Cambridge Building Society Customer Support Options
| Bank of Scotland | Cambridge Building Society | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | Yes |
Bank of Scotland vs Cambridge Building Society Foreign Currency Accounts
| Bank of Scotland | Cambridge Building Society | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Bank of Scotland and Cambridge Building Society
| Bank of Scotland | Cambridge Building Society | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Bank of Scotland vs Cambridge Building Society Banking Basics
| Bank of Scotland | Cambridge Building Society | |
| Bank Type | High Street | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 169628 | 157223 |
| Website | Bank of Scotland Website | Cambridge Building Society Website |
Common Comparison Questions
Does Bank of Scotland or Cambridge Building Society have better customer reviews?
Bank of Scotland scores 1.6 out of 5 based 649 Trustpilot reviews. Of these reviews 12% are 5-star and 80% are 1-star.
Whereas, Cambridge Building Society scores 3.1 out of 5 based 15 Trustpilot reviews. Of which 53% are 5-star and 47% are 1-star.
Does Bank of Scotland or Cambridge Building Society have a better App?
Bank of Scotland’s iPhone App is rated 4.8 out of 5 based on 269,400 reviews. And it’s Android App is rated 4.5 out of 5 based on 44,100 reviews.
In comparison, Cambridge Building Society’s iPhone App is rated 4 out of 5 based on 35 reviews. And it’s Android App is rated 2.6 out of 5 based on 29 reviews.
Does Bank of Scotland or Cambridge Building Society have better business savings rates?
Bank of Scotland offers the following types of business savings accounts: Fixed Term Deposit, Notice Accounts, Instant Access Account with interest rates ranging from 1.31% to 4.37%. (AER)
In contrast, Cambridge Building Society offers Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond accounts with interest rates ranging from 2.90% to 4.25% (AER).
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For other business bank accounts see our guide here.