Is Cambridge Building Society or Reliance Bank better for your small business?
Below we look at both Cambridge Building Society and Reliance 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 vs Reliance Bank Trustpilot Reviews
| Cambridge Building Society | Reliance Bank | |
| Trustpilot Review Score (out of 5) | 3.1 | 3.4 |
| Percent 5-Star Reviews | 53% | 25% |
| Percent 1- Star Reviews | 47% | 25% |
| Total Number of Reviews | 15 | 4 |
https://www.trustpilot.com/review/www.cambridgebs.co.uk
https://www.trustpilot.com/review/www.reliancebankltd.com
Cambridge Building Society vs Reliance Bank App Reviews
| Cambridge Building Society | Reliance Bank | |
| iPhone Review Score (out of 5) | 4 | 4.7 |
| Number of iPhone Reviews | 35 | 451 |
| Android Review Score (out of 5) | 2.6 | 4 |
| Number of Android Reviews | 29 | 144 |
https://apps.apple.com/gb/app/cambridge-building-society/id1228676229
https://apps.apple.com/us/app/reliance-bank-mobile-banking/id1050676219
Cambridge Building Society vs Reliance Bank Account Fees & Charges
| Cambridge Building Society | Reliance Bank | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £10 | £7.50 |
| Most Expensive Monthly Account Fee | £20 | £7.50 |
| Electronic Payment Cost (in/out) | Free | 25p |
| Cash Payments Cost (in/out) | £1.50 | 30p / 25p per £100 |
| Cheques (in/out) | Free | 30p / 25p |
| CHAPS Payments Cost | No | £15 |
| SEPA Payments Cost | No | 25p |
Cambridge Building Society vs Reliance Bank Business Savings Rates
| Cambridge Building Society | Reliance Bank | |
| Types of Business Savings Accounts | Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 2.90% | 2.15% |
| Maximum Savings Rate (AER) | 4.25% | 4.40% |
| Minimum Savings Amount | £1,000 | £1,000 |
| Interest Paid On Foreign Currencies | No | Yes |
Cambridge Building Society vs Reliance Bank Account Opening Times
| Cambridge Building Society | Reliance Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Undisclosed | 7 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | No | Yes |
Cambridge Building Society vs Reliance Bank Features & Account Types
| Cambridge Building Society | Reliance Bank | |
| Business Current Account | No | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | No |
| Business Overdraft | No | Yes |
| Accounts For Startups | Yes | No |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | None | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Locations around Cambridge | London |
Cambridge Building Society vs Reliance Bank Customer Support Options
| Cambridge Building Society | Reliance Bank | |
| 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 |
Cambridge Building Society vs Reliance Bank Foreign Currency Accounts
| Cambridge Building Society | Reliance Bank | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Cambridge Building Society and Reliance Bank
| Cambridge Building Society | Reliance Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Cambridge Building Society vs Reliance Bank Banking Basics
| Cambridge Building Society | Reliance Bank | |
| Bank Type | Building Society | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 157223 | 204537 |
| Website | Cambridge Building Society Website | Reliance Bank Website |
Common Comparison Questions
Does Cambridge Building Society or Reliance 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, Reliance Bank scores 3.4 out of 5 based 4 Trustpilot reviews. Of which 25% are 5-star and 25% are 1-star.
Does Cambridge Building Society or Reliance 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, Reliance Bank’s iPhone App is rated 4.7 out of 5 based on 451 reviews. And it’s Android App is rated 4 out of 5 based on 144 reviews.
Does Cambridge Building Society or Reliance 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, Reliance Bank offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from 2.15% to 4.40% (AER).
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For other business bank accounts see our guide here.