Co-operative Bank VS Cambridge Building Society: Business Banking Review & Fee Comparison

Is Co-operative Bank or Cambridge Building Society better for your small business?

Below we look at both Co-operative Bank 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.

Co-operative Bank vs Cambridge Building Society Trustpilot Reviews

	Co-operative Bank	Cambridge Building Society
Trustpilot Review Score (out of 5)	4.2	3.1
Percent 5-Star Reviews	51%	53%
Percent 1- Star Reviews	39%	47%
Total Number of Reviews	7,699	15

Sources:
https://www.trustpilot.com/review/co-operativebank.co.uk
https://www.trustpilot.com/review/www.cambridgebs.co.uk

Co-operative Bank vs Cambridge Building Society App Reviews

	Co-operative Bank	Cambridge Building Society
iPhone Review Score (out of 5)	4.7	4
Number of iPhone Reviews	47,800	35
Android Review Score (out of 5)	4.3	2.6
Number of Android Reviews	33,000	29

Sources:
https://apps.apple.com/gb/app/co-operative-bank/id1439204021
https://apps.apple.com/gb/app/cambridge-building-society/id1228676229

Co-operative Bank vs Cambridge Building Society Account Fees & Charges

	Co-operative Bank	Cambridge Building Society
Free Business Bank Account	Yes	No
Free Business Account Term Length	30 Months	NA
Cheapest Monthly Account Fee	Free	£10
Most Expensive Monthly Account Fee	Free	£20
Electronic Payment Cost (in/out)	Free	Free
Cash Payments Cost (in/out)	£1.50 per £100	£1.50
Cheques (in/out)	£1.50	Free
CHAPS Payments Cost	£25	No
SEPA Payments Cost	No	No

Co-operative Bank vs Cambridge Building Society Business Savings Rates

	Co-operative Bank	Cambridge Building Society
Types of Business Savings Accounts	Instant access, 35+ day, 95+ day	Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond
Lowest Savings Rate (AER)	1.63%	2.90%
Maximum Savings Rate (AER)	2.51%	4.25%
Minimum Savings Amount	No	£1,000
Interest Paid On Foreign Currencies	No	No

Co-operative Bank vs Cambridge Building Society Account Opening Times

	Co-operative Bank	Cambridge Building Society
Can You Apply Online?	Yes	Yes
How Long Does Opening An Account Typically Take?	5 Working days	Undisclosed
Do They Check Your Credit?	Yes	Yes
Current Account Switch Service	Yes	No

Co-operative Bank vs Cambridge Building Society Features & Account Types

Co-operative Bank Account Types — *Co-operative Bank Features & Account Types*

Cambridge Building Society Account Types — *Cambridge Building Society Features & Account Types*

	Co-operative Bank	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	Limited locations accross the UK	Locations around Cambridge

Co-operative Bank vs Cambridge Building Society Customer Support Options

	Co-operative Bank	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

Co-operative Bank vs Cambridge Building Society Foreign Currency Accounts

	Co-operative Bank	Cambridge Building Society
US Dollar (USD) Bank Accounts	Yes	No
Euro (EUR) Bank Accounts	Yes	No
Other Currencies Available:	No	No

Other Business Services From Co-operative Bank and Cambridge Building Society

	Co-operative Bank	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	No	No
Free Accounting Software	Yes	No

Co-operative Bank vs Cambridge Building Society Banking Basics

	Co-operative Bank	Cambridge Building Society
Bank Type	High Street	Building Society
FSCS Protection	Yes, up to £85,000	Yes, up to £85,000
FCA Number	990937	157223
Website	Co-operative Bank Website	Cambridge Building Society Website

Common Comparison Questions

Does Co-operative Bank or Cambridge Building Society have better customer reviews?

Co-operative Bank scores 4.2 out of 5 based 7,699 Trustpilot reviews. Of these reviews 51% are 5-star and 39% 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 Co-operative Bank or Cambridge Building Society have a better App?

Co-operative Bank’s iPhone App is rated 4.7 out of 5 based on 47,800 reviews. And it’s Android App is rated 4.3 out of 5 based on 33,000 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 Co-operative Bank or Cambridge Building Society have better business savings rates?

Co-operative Bank offers the following types of business savings accounts: Instant access, 35+ day, 95+ day with interest rates ranging from 1.63% to 2.51%. (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.

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