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


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

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



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Below we look at both Cambridge Building Society and ICICI Bank UK 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


ICICI Bank UK Homepage
ICICI Bank UK Homepage
 

Cambridge Building Society vs ICICI Bank UK Trustpilot Reviews

Cambridge Building SocietyICICI Bank UK
Trustpilot Review Score (out of 5)3.12.7
Percent 5-Star Reviews53%18%
Percent 1- Star Reviews47%74%
Total Number of Reviews1523
Sources:
https://www.trustpilot.com/review/www.cambridgebs.co.uk
https://www.trustpilot.com/review/www.icicibank.co.uk

Cambridge Building Society vs ICICI Bank UK App Reviews

Cambridge Building SocietyICICI Bank UK
iPhone Review Score (out of 5)42.7
Number of iPhone Reviews35237
Android Review Score (out of 5)2.64
Number of Android Reviews29684
Sources:
https://apps.apple.com/gb/app/cambridge-building-society/id1228676229
https://apps.apple.com/gb/app/icici-bank-uk-imobile/id1223898732

Cambridge Building Society vs ICICI Bank UK Account Fees & Charges

Cambridge Building SocietyICICI Bank UK
Free Business Bank AccountNoNo
Free Business Account Term LengthNANA
Cheapest Monthly Account Fee£10£5
Most Expensive Monthly Account Fee£20£15
Electronic Payment Cost (in/out)Free25p
Cash Payments Cost (in/out)£1.50£5 per £1,000 / free
Cheques (in/out)Free£1
CHAPS Payments CostNo£20
SEPA Payments CostNoNo

Cambridge Building Society vs ICICI Bank UK Business Savings Rates

Cambridge Building SocietyICICI Bank UK
Types of Business Savings AccountsBusiness Saver, Council Saver, Notice Business Saver, Fixed Rate Business BondBusiness Savings Account, Business Fixed Deposit
Lowest Savings Rate (AER)2.90%2.85%
Maximum Savings Rate (AER)4.25%4.50%
Minimum Savings Amount£1,000£1
Interest Paid On Foreign CurrenciesNoYes
 

Cambridge Building Society vs ICICI Bank UK Account Opening Times

Cambridge Building SocietyICICI Bank UK
Can You Apply Online?YesYes
How Long Does Opening An
Account Typically Take?
Undisclosed2 Working days
Do They Check Your Credit?YesYes
Current Account Switch ServiceNoYes

Cambridge Building Society vs ICICI Bank UK Features & Account Types

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


ICICI Bank UK Account Types
ICICI Bank UK Features & Account Types


Cambridge Building SocietyICICI Bank UK
Business Current AccountNoYes
Business Savings AccountYesYes
Business Credit CardNoYes
Business OverdraftNoYes
Accounts For StartupsYesYes
Accounts For CharitiesYesYes
Accounts For Sole TradersYesYes
Joint Business Accounts AvailableYesYes
Card TypeNoneMastercard
Online BankingYesYes
Mobile BankingYesYes
In Person/Branch BankingYesYes
Branch LocationsLocations around CambridgeLondon, Birmingham and Manchester

Cambridge Building Society vs ICICI Bank UK Customer Support Options

Cambridge Building SocietyICICI Bank UK
Phone Support AvailableYesYes
Email Support AvailableYesYes
App Based Support YesYes
Web Based SupportYesYes
In person Customer SupportYesYes

Cambridge Building Society vs ICICI Bank UK Foreign Currency Accounts

Cambridge Building SocietyICICI Bank UK
US Dollar (USD) Bank AccountsNoYes
Euro (EUR) Bank AccountsNoYes
Other Currencies Available:No
  • CAD (Canadian Dollar)
  • AUD (Australian Dollar)
  • NZD (New Zealand Dollar)
  • SGD (Singapore Dollar)
  • HKD (Hong Kong Dollar)
  • CHF (Swiss Franc)
  • JPY (Japanese Yen)
  • CNY (Chinese Yuan)
  • INR (Indian Rupee)
  • KRW (South Korean Won)
  • THB (Thai Baht)

Other Business Services From Cambridge Building Society and ICICI Bank UK

Cambridge Building Society Account Types
Other Cambridge Building Society Services


ICICI Bank UK Account Types
Other ICICI Bank UK Services


Cambridge Building SocietyICICI Bank UK
Business LoansYesYes
Commercial MortgagesYesYes
Invoice FinancingNoYes
International PaymentsYesYes
Merchant Payment ServicesNoNo
Card MachinesNoNo
Free Accounting SoftwareNoNo

Cambridge Building Society vs ICICI Bank UK Banking Basics

Cambridge Building SocietyICICI Bank UK
Bank TypeBuilding SocietyForeign Bank
FSCS ProtectionYes, up to £85,000Yes, up to £85,000
FCA Number157223223268
WebsiteCambridge Building Society WebsiteICICI Bank UK Website

Common Comparison Questions

Does Cambridge Building Society or ICICI Bank UK 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, ICICI Bank UK scores 2.7 out of 5 based 23 Trustpilot reviews. Of which 18% are 5-star and 74% are 1-star.

Does Cambridge Building Society or ICICI Bank UK 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, ICICI Bank UK’s iPhone App is rated 2.7 out of 5 based on 237 reviews. And it’s Android App is rated 4 out of 5 based on 684 reviews.

Does Cambridge Building Society or ICICI Bank UK 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, ICICI Bank UK offers Business Savings Account, Business Fixed Deposit accounts with interest rates ranging from 2.85% to 4.50% (AER).

See Other Comparisons:
Cambridge Building Society vs Intergiro
Cambridge Building Society vs GoSolo
Cambridge Building Society vs 3S Money
Cambridge Building Society vs MultiPass
Cambridge Building Society vs Reliance Bank


For other business bank accounts see our guide here.

 



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