Is Cynergy Bank or Co-operative Bank better for your small business?
Below we look at both Cynergy Bank and Co-operative Bank 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 Co-operative Bank Trustpilot Reviews
| Cynergy Bank | Co-operative Bank | |
| Trustpilot Review Score (out of 5) | 4 | 4.2 |
| Percent 5-Star Reviews | 58% | 51% |
| Percent 1- Star Reviews | 27% | 39% |
| Total Number of Reviews | 2,235 | 7,699 |
https://www.trustpilot.com/review/cynergybank.co.uk
https://www.trustpilot.com/review/co-operativebank.co.uk
Cynergy Bank vs Co-operative Bank App Reviews
| Cynergy Bank | Co-operative Bank | |
| iPhone Review Score (out of 5) | 1.5 | 4.7 |
| Number of iPhone Reviews | 350 | 47,800 |
| Android Review Score (out of 5) | 1.7 | 4.3 |
| Number of Android Reviews | 449 | 33,000 |
https://apps.apple.com/gb/app/cynergy-bank-authenticator/id1497728953
https://apps.apple.com/gb/app/co-operative-bank/id1439204021
Cynergy Bank vs Co-operative Bank Account Fees & Charges
| Cynergy Bank | Co-operative Bank | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | 30 Months |
| Cheapest Monthly Account Fee | £25 | Free |
| Most Expensive Monthly Account Fee | £25 | Free |
| Electronic Payment Cost (in/out) | 35p | Free |
| Cash Payments Cost (in/out) | 65p per £100 | £1.50 per £100 |
| Cheques (in/out) | 30p / 78p | £1.50 |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | £6 | No |
Cynergy Bank vs Co-operative Bank Business Savings Rates
| Cynergy Bank | Co-operative Bank | |
| Types of Business Savings Accounts | Business Saver | Instant access, 35+ day, 95+ day |
| Lowest Savings Rate (AER) | 4.00% | 1.63% |
| Maximum Savings Rate (AER) | 4.00% | 2.51% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | No |
Cynergy Bank vs Co-operative Bank Account Opening Times
| Cynergy Bank | Co-operative Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | 5 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Cynergy Bank vs Co-operative Bank Features & Account Types
| Cynergy Bank | Co-operative Bank | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | Yes | Yes |
| 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 | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | London, Redhill, Birmingham, Manchester and Glasgow | Limited locations accross the UK |
Cynergy Bank vs Co-operative Bank Customer Support Options
| Cynergy Bank | Co-operative Bank | |
| 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 Co-operative Bank Foreign Currency Accounts
| Cynergy Bank | Co-operative Bank | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No | No |
Other Business Services From Cynergy Bank and Co-operative Bank
| Cynergy Bank | Co-operative Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | Yes |
Cynergy Bank vs Co-operative Bank Banking Basics
| Cynergy Bank | Co-operative Bank | |
| Bank Type | Challenger | High Street |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 575105 | 990937 |
| Website | Cynergy Bank Website | Co-operative Bank Website |
Common Comparison Questions
Does Cynergy Bank or Co-operative Bank 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, Co-operative Bank scores 4.2 out of 5 based 7,699 Trustpilot reviews. Of which 51% are 5-star and 39% are 1-star.
Does Cynergy Bank or Co-operative Bank 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, 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.
Does Cynergy Bank or Co-operative Bank 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, Co-operative Bank offers Instant access, 35+ day, 95+ day accounts with interest rates ranging from 1.63% to 2.51% (AER).
See Other Comparisons:Cynergy Bank vs Aldermore
Cynergy Bank vs Handelsbanken
Cynergy Bank vs Anna
Cynergy Bank vs Hampshire Trust Bank
Cynergy Bank vs Mettle
For other business bank accounts see our guide here.