Is Cambridge Building Society or State Bank of India (UK) better for your small business?
Below we look at both Cambridge Building Society and State Bank of India (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.
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Cambridge Building Society vs State Bank of India (UK) Trustpilot Reviews
| Cambridge Building Society | State Bank of India (UK) | |
| Trustpilot Review Score (out of 5) | 3.1 | 3.7 |
| Percent 5-Star Reviews | 53% | 33% |
| Percent 1- Star Reviews | 47% | 34% |
| Total Number of Reviews | 15 | 3 |
https://www.trustpilot.com/review/www.cambridgebs.co.uk
https://www.trustpilot.com/review/sbiuk.statebank
Cambridge Building Society vs State Bank of India (UK) App Reviews
| Cambridge Building Society | State Bank of India (UK) | |
| iPhone Review Score (out of 5) | 4 | 2.4 |
| Number of iPhone Reviews | 35 | 253 |
| Android Review Score (out of 5) | 2.6 | 1.7 |
| Number of Android Reviews | 29 | 1,640 |
https://apps.apple.com/gb/app/cambridge-building-society/id1228676229
https://apps.apple.com/gb/app/yono-sbi-uk/id1454780358
Cambridge Building Society vs State Bank of India (UK) Account Fees & Charges
| Cambridge Building Society | State Bank of India (UK) | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £10 | £80 |
| Most Expensive Monthly Account Fee | £20 | £120 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | £1.50 | £3 / Free |
| Cheques (in/out) | Free | £10.00 per cheque |
| CHAPS Payments Cost | No | £25 |
| SEPA Payments Cost | No | £25 |
Cambridge Building Society vs State Bank of India (UK) Business Savings Rates
| Cambridge Building Society | State Bank of India (UK) | |
| Types of Business Savings Accounts | Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond | Instant Access, Notice Savings, Fixed Deposit, Limited Access |
| Lowest Savings Rate (AER) | 2.90% | 1.95% |
| Maximum Savings Rate (AER) | 4.25% | 5.00% |
| Minimum Savings Amount | £1,000 | £1 |
| Interest Paid On Foreign Currencies | No | Yes |
Cambridge Building Society vs State Bank of India (UK) Account Opening Times
| Cambridge Building Society | State Bank of India (UK) | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Undisclosed | 3 to 4 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | No | Yes |
Cambridge Building Society vs State Bank of India (UK) Features & Account Types
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| Cambridge Building Society | State Bank of India (UK) | |
| Business Current Account | No | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | No | Yes |
| Business Overdraft | No | Yes |
| Accounts For Startups | Yes | Yes |
| 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 | Limited locations in London and Midlands |
Cambridge Building Society vs State Bank of India (UK) Customer Support Options
| Cambridge Building Society | State Bank of India (UK) | |
| 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 State Bank of India (UK) Foreign Currency Accounts
| Cambridge Building Society | State Bank of India (UK) | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
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Other Business Services From Cambridge Building Society and State Bank of India (UK)
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| Cambridge Building Society | State Bank of India (UK) | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | No | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Cambridge Building Society vs State Bank of India (UK) Banking Basics
| Cambridge Building Society | State Bank of India (UK) | |
| Bank Type | Building Society | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 157223 | 757156 |
| Website | Cambridge Building Society Website | State Bank of India (UK) Website |
Common Comparison Questions
Does Cambridge Building Society or State Bank of India (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, State Bank of India (UK) scores 3.7 out of 5 based 3 Trustpilot reviews. Of which 33% are 5-star and 34% are 1-star.
Does Cambridge Building Society or State Bank of India (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, State Bank of India (UK)’s iPhone App is rated 2.4 out of 5 based on 253 reviews. And it’s Android App is rated 1.7 out of 5 based on 1,640 reviews.
Does Cambridge Building Society or State Bank of India (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, State Bank of India (UK) offers Instant Access, Notice Savings, Fixed Deposit, Limited Access accounts with interest rates ranging from 1.95% to 5.00% (AER).
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For other business bank accounts see our guide here.