Is Co-operative Bank or Saffron Building Society better for your small business?
Below we look at both Co-operative Bank and Saffron 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 Saffron Building Society Trustpilot Reviews
| Co-operative Bank | Saffron Building Society | |
| Trustpilot Review Score (out of 5) | 4.2 | 2.2 |
| Percent 5-Star Reviews | 51% | 21% |
| Percent 1- Star Reviews | 39% | 73% |
| Total Number of Reviews | 7,699 | 58 |
https://www.trustpilot.com/review/co-operativebank.co.uk
https://www.trustpilot.com/review/saffronbs.co.uk
Co-operative Bank vs Saffron Building Society App Reviews
| Co-operative Bank | Saffron Building Society | |
| iPhone Review Score (out of 5) | 4.7 | 3.7 |
| Number of iPhone Reviews | 47,800 | 24 |
| Android Review Score (out of 5) | 4.3 | 3.7 |
| Number of Android Reviews | 33,000 | 14 |
https://apps.apple.com/gb/app/co-operative-bank/id1439204021
https://apps.apple.com/gb/app/saffron-building-society/id1482290341
Co-operative Bank vs Saffron Building Society Account Fees & Charges
| Co-operative Bank | Saffron 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 | £10 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | £1.50 per £100 | Free |
| Cheques (in/out) | £1.50 | £1.50 |
| CHAPS Payments Cost | £25 | £15 |
| SEPA Payments Cost | No | 25p |
Co-operative Bank vs Saffron Building Society Business Savings Rates
| Co-operative Bank | Saffron Building Society | |
| Types of Business Savings Accounts | Instant access, 35+ day, 95+ day | Regular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accounts |
| Lowest Savings Rate (AER) | 1.63% | 1.20% |
| Maximum Savings Rate (AER) | 2.51% | 5.75% |
| Minimum Savings Amount | No | £1 |
| Interest Paid On Foreign Currencies | No | No |
Co-operative Bank vs Saffron Building Society Account Opening Times
| Co-operative Bank | Saffron 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 | Yes |
Co-operative Bank vs Saffron Building Society Features & Account Types
| Co-operative Bank | Saffron Building Society | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | No |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Limited locations accross the UK | Locations in Essex only |
Co-operative Bank vs Saffron Building Society Customer Support Options
| Co-operative Bank | Saffron 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 Saffron Building Society Foreign Currency Accounts
| Co-operative Bank | Saffron 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 Saffron Building Society
| Co-operative Bank | Saffron 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 Saffron Building Society Banking Basics
| Co-operative Bank | Saffron Building Society | |
| Bank Type | High Street | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 990937 | 100015 |
| Website | Co-operative Bank Website | Saffron Building Society Website |
Common Comparison Questions
Does Co-operative Bank or Saffron 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, Saffron Building Society scores 2.2 out of 5 based 58 Trustpilot reviews. Of which 21% are 5-star and 73% are 1-star.
Does Co-operative Bank or Saffron 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, Saffron Building Society’s iPhone App is rated 3.7 out of 5 based on 24 reviews. And it’s Android App is rated 3.7 out of 5 based on 14 reviews.
Does Co-operative Bank or Saffron 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, Saffron Building Society offers Regular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accounts accounts with interest rates ranging from 1.20% to 5.75% (AER).
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For other business bank accounts see our guide here.