Is Cynergy Bank or Cambridge Building Society better for your small business?
Below we look at both Cynergy 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.
Cynergy Bank vs Cambridge Building Society Trustpilot Reviews
| Cynergy Bank | Cambridge Building Society | |
| Trustpilot Review Score (out of 5) | 4 | 3.1 |
| Percent 5-Star Reviews | 58% | 53% |
| Percent 1- Star Reviews | 27% | 47% |
| Total Number of Reviews | 2,235 | 15 |
https://www.trustpilot.com/review/cynergybank.co.uk
https://www.trustpilot.com/review/www.cambridgebs.co.uk
Cynergy Bank vs Cambridge Building Society App Reviews
| Cynergy Bank | Cambridge Building Society | |
| iPhone Review Score (out of 5) | 1.5 | 4 |
| Number of iPhone Reviews | 350 | 35 |
| Android Review Score (out of 5) | 1.7 | 2.6 |
| Number of Android Reviews | 449 | 29 |
https://apps.apple.com/gb/app/cynergy-bank-authenticator/id1497728953
https://apps.apple.com/gb/app/cambridge-building-society/id1228676229
Cynergy Bank vs Cambridge Building Society Account Fees & Charges
| Cynergy Bank | Cambridge Building Society | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £25 | £10 |
| Most Expensive Monthly Account Fee | £25 | £20 |
| Electronic Payment Cost (in/out) | 35p | Free |
| Cash Payments Cost (in/out) | 65p per £100 | £1.50 |
| Cheques (in/out) | 30p / 78p | Free |
| CHAPS Payments Cost | £25 | No |
| SEPA Payments Cost | £6 | No |
Cynergy Bank vs Cambridge Building Society Business Savings Rates
| Cynergy Bank | Cambridge Building Society | |
| Types of Business Savings Accounts | Business Saver | Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond |
| Lowest Savings Rate (AER) | 4.00% | 2.90% |
| Maximum Savings Rate (AER) | 4.00% | 4.25% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Cynergy Bank vs Cambridge Building Society Account Opening Times
| Cynergy Bank | Cambridge Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | Undisclosed |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Cynergy Bank vs Cambridge Building Society Features & Account Types
| Cynergy 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 | No | 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 | London, Redhill, Birmingham, Manchester and Glasgow | Locations around Cambridge |
Cynergy Bank vs Cambridge Building Society Customer Support Options
| Cynergy 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 |
Cynergy Bank vs Cambridge Building Society Foreign Currency Accounts
| Cynergy Bank | Cambridge Building Society | |
| US Dollar (USD) Bank Accounts | No | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: | No | No |
Other Business Services From Cynergy Bank and Cambridge Building Society
| Cynergy Bank | Cambridge Building Society | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Cynergy Bank vs Cambridge Building Society Banking Basics
| Cynergy Bank | Cambridge Building Society | |
| Bank Type | Challenger | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 575105 | 157223 |
| Website | Cynergy Bank Website | Cambridge Building Society Website |
Common Comparison Questions
Does Cynergy Bank or Cambridge Building Society have better customer reviews?
Cynergy Bank scores 4 out of 5 based 2,235 Trustpilot reviews. Of these reviews 58% are 5-star and 27% 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 Cynergy Bank or Cambridge Building Society have a better App?
Cynergy Bank’s iPhone App is rated 1.5 out of 5 based on 350 reviews. And it’s Android App is rated 1.7 out of 5 based on 449 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 Cynergy Bank or Cambridge Building Society have better business savings rates?
Cynergy Bank offers the following types of business savings accounts: Business Saver with interest rates ranging from 4.00% to 4.00%. (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.