Is Cynergy Bank or Cater Allen better for your small business?
Below we look at both Cynergy Bank and Cater Allen 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 Cater Allen Trustpilot Reviews
| Cynergy Bank | Cater Allen | |
| Trustpilot Review Score (out of 5) | 4 | 1.9 |
| Percent 5-Star Reviews | 58% | 7% |
| Percent 1- Star Reviews | 27% | 80% |
| Total Number of Reviews | 2,235 | 136 |
https://www.trustpilot.com/review/cynergybank.co.uk
https://www.trustpilot.com/review/www.caterallen.co.uk
Cynergy Bank vs Cater Allen App Reviews
| Cynergy Bank | Cater Allen | |
| iPhone Review Score (out of 5) | 1.5 | No Rating |
| Number of iPhone Reviews | 350 | No Reviews |
| Android Review Score (out of 5) | 1.7 | No Rating |
| Number of Android Reviews | 449 | No Reviews |
https://apps.apple.com/gb/app/cynergy-bank-authenticator/id1497728953
https://www.apple.com/uk/app-store/
Cynergy Bank vs Cater Allen Account Fees & Charges
| Cynergy Bank | Cater Allen | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £25 | Free |
| Most Expensive Monthly Account Fee | £25 | £25 |
| Electronic Payment Cost (in/out) | 35p | £2 |
| Cash Payments Cost (in/out) | 65p per £100 | Free |
| Cheques (in/out) | 30p / 78p | £6 |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | £6 | £2 |
Cynergy Bank vs Cater Allen Business Savings Rates
| Cynergy Bank | Cater Allen | |
| Types of Business Savings Accounts | Business Saver | Fixed Term, Notice Account |
| Lowest Savings Rate (AER) | 4.00% | 3.00% |
| Maximum Savings Rate (AER) | 4.00% | 4.70% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Cynergy Bank vs Cater Allen Account Opening Times
| Cynergy Bank | Cater Allen | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | 7 days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Cynergy Bank vs Cater Allen Features & Account Types
| Cynergy Bank | Cater Allen | |
| Business Current Account | Yes | Yes |
| 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 | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | No |
| Branch Locations | London, Redhill, Birmingham, Manchester and Glasgow | None, online and phone only |
Cynergy Bank vs Cater Allen Customer Support Options
| Cynergy Bank | Cater Allen | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | Yes | No |
| Web Based Support | Yes | Yes |
| In person Customer Support | Yes | No |
Cynergy Bank vs Cater Allen Foreign Currency Accounts
| Cynergy Bank | Cater Allen | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Cynergy Bank and Cater Allen
| Cynergy Bank | Cater Allen | |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| 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 Cater Allen Banking Basics
| Cynergy Bank | Cater Allen | |
| Bank Type | Challenger | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 575105 | 178737 |
| Website | Cynergy Bank Website | Cater Allen Website |
Common Comparison Questions
Does Cynergy Bank or Cater Allen 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, Cater Allen scores 1.9 out of 5 based 136 Trustpilot reviews. Of which 7% are 5-star and 80% are 1-star.
Does Cynergy Bank or Cater Allen 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, Cater Allen’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews reviews.
Does Cynergy Bank or Cater Allen 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, Cater Allen offers Fixed Term, Notice Account accounts with interest rates ranging from 3.00% to 4.70% (AER).
See Other Comparisons:Cynergy Bank vs AIB (Allied Irish Bank)
Cynergy Bank vs Unity Trust
Cynergy Bank vs United Trust Bank
Cynergy Bank vs HSBC Kinetic
Cynergy Bank vs CardOneMoney
For other business bank accounts see our guide here.