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Cambridge Building Society VS Charity Bank: Business Banking Review & Fee Comparison


By: Ian Wright | Last Updated: May 22, 2025

Is Cambridge Building Society or Charity Bank better for your small business?



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Below we look at both Cambridge Building Society and Charity Bank 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.

Cambridge Building Society Homepage
Cambridge Building Society Homepage


Charity Bank Homepage
Charity Bank Homepage
 

Cambridge Building Society vs Charity Bank Trustpilot Reviews

Cambridge Building SocietyCharity Bank
Trustpilot Review Score (out of 5)3.13.3
Percent 5-Star Reviews53%33%
Percent 1- Star Reviews47%34%
Total Number of Reviews153
Sources:
https://www.trustpilot.com/review/www.cambridgebs.co.uk
https://www.trustpilot.com/review/charitybank.org

Cambridge Building Society vs Charity Bank App Reviews

Cambridge Building SocietyCharity Bank
iPhone Review Score (out of 5)4No Rating
Number of iPhone Reviews35No Reviews
Android Review Score (out of 5)2.6No Rating
Number of Android Reviews29No Reviews
Sources:
https://apps.apple.com/gb/app/cambridge-building-society/id1228676229
https://www.apple.com/uk/app-store/

Cambridge Building Society vs Charity Bank Account Fees & Charges

Cambridge Building SocietyCharity Bank
Free Business Bank AccountNoNo
Free Business Account Term LengthNANA
Cheapest Monthly Account Fee£10Free
Most Expensive Monthly Account Fee£20Free
Electronic Payment Cost (in/out)FreeNo
Cash Payments Cost (in/out)£1.50Free
Cheques (in/out)FreeFree
CHAPS Payments CostNo£10
SEPA Payments CostNo20p

Cambridge Building Society vs Charity Bank Business Savings Rates

Cambridge Building SocietyCharity Bank
Types of Business Savings AccountsBusiness Saver, Council Saver, Notice Business Saver, Fixed Rate Business BondCITR accounts, Easy Access, Notice Accounts, Fixed Account
Lowest Savings Rate (AER)2.90%2.02%
Maximum Savings Rate (AER)4.25%4.51%
Minimum Savings Amount£1,000£1,000
Interest Paid On Foreign CurrenciesNoNo
 

Cambridge Building Society vs Charity Bank Account Opening Times

Cambridge Building SocietyCharity Bank
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
UndisclosedUndisclosed
Do They Check Your Credit?YesYes
Current Account Switch ServiceNoYes

Cambridge Building Society vs Charity Bank Features & Account Types

Cambridge Building Society Account Types
Cambridge Building Society Features & Account Types


Charity Bank Account Types
Charity Bank Features & Account Types


Cambridge Building SocietyCharity Bank
Business Current AccountNoYes
Business Savings AccountYesYes
Business Credit CardNoNo
Business OverdraftNoNo
Accounts For StartupsYesYes
Accounts For CharitiesYesYes
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableYesYes
Card TypeNoneMastercard
Online BankingYesYes
Mobile BankingYesNo
In Person/Branch BankingYesNo
Branch LocationsLocations around CambridgeTonbridge

Cambridge Building Society vs Charity Bank Customer Support Options

Cambridge Building SocietyCharity Bank
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesNo
Web Based SupportYesYes
In person Customer SupportYesNo

Cambridge Building Society vs Charity Bank Foreign Currency Accounts

Cambridge Building SocietyCharity Bank
US Dollar (USD) Bank AccountsNoNo
Euro (EUR) Bank AccountsNoNo
Other Currencies Available:NoNo

Other Business Services From Cambridge Building Society and Charity Bank

Cambridge Building Society Account Types
Other Cambridge Building Society Services


Charity Bank Account Types
Other Charity Bank Services


Cambridge Building SocietyCharity Bank
Business LoansYesYes
Commercial MortgagesYesYes
Invoice FinancingNoNo
International PaymentsYesYes
Merchant Payment ServicesNoNo
Card MachinesNoNo
Free Accounting SoftwareNoNo

Cambridge Building Society vs Charity Bank Banking Basics

Cambridge Building SocietyCharity Bank
Bank TypeBuilding SocietyChallenger
FSCS ProtectionYes, up to £85,000Yes, up to £85,000
FCA Number157223207701
WebsiteCambridge Building Society WebsiteCharity Bank Website

Common Comparison Questions

Does Cambridge Building Society or Charity Bank have better customer reviews?

Cambridge Building Society scores 3.1 out of 5 based 15 Trustpilot reviews. Of these reviews 53% are 5-star and 47% are 1-star.

Whereas, Charity Bank scores 3.3 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.

Does Cambridge Building Society or Charity Bank have a better App?

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.

In comparison, Charity Bank’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.

Does Cambridge Building Society or Charity Bank have better business savings rates?

Cambridge Building Society offers the following types of business savings accounts: Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond with interest rates ranging from 2.90% to 4.25%. (AER)

In contrast, Charity Bank offers CITR accounts, Easy Access, Notice Accounts, Fixed Account accounts with interest rates ranging from 2.02% to 4.51% (AER).

See Other Comparisons:
Cambridge Building Society vs Cumberland Building Society
Cambridge Building Society vs Redwood Bank
Cambridge Building Society vs Amaiz
Cambridge Building Society vs ICICI Bank UK
Cambridge Building Society vs Intergiro


For other business bank accounts see our guide here.

 



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