Is Cynergy Bank or Cumberland Building Society better for your small business?
Below we look at both Cynergy Bank and Cumberland 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 Cumberland Building Society Trustpilot Reviews
| Cynergy Bank | Cumberland Building Society | |
| Trustpilot Review Score (out of 5) | 4 | 2.5 |
| Percent 5-Star Reviews | 58% | 22% |
| Percent 1- Star Reviews | 27% | 69% |
| Total Number of Reviews | 2,235 | 41 |
https://www.trustpilot.com/review/cynergybank.co.uk
https://www.trustpilot.com/review/cumberlandbuildingsociety.co.uk
Cynergy Bank vs Cumberland Building Society App Reviews
| Cynergy Bank | Cumberland Building Society | |
| iPhone Review Score (out of 5) | 1.5 | 4.7 |
| Number of iPhone Reviews | 350 | 644 |
| Android Review Score (out of 5) | 1.7 | 4.8 |
| Number of Android Reviews | 449 | 415 |
https://apps.apple.com/gb/app/cynergy-bank-authenticator/id1497728953
https://apps.apple.com/gb/app/cumberland-mobile-banking/id715482935
Cynergy Bank vs Cumberland Building Society Account Fees & Charges
| Cynergy Bank | Cumberland Building Society | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 12 Months | 12 Months |
| Cheapest Monthly Account Fee | £25 | Free |
| Most Expensive Monthly Account Fee | £25 | £5 |
| Electronic Payment Cost (in/out) | 35p | 35p |
| Cash Payments Cost (in/out) | 65p per £100 | 40p per £100 |
| Cheques (in/out) | 30p / 78p | £1 |
| CHAPS Payments Cost | £25 | £25 |
| SEPA Payments Cost | £6 | No |
Cynergy Bank vs Cumberland Building Society Business Savings Rates
| Cynergy Bank | Cumberland Building Society | |
| Types of Business Savings Accounts | Business Saver | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 4.00% | 3.05% |
| Maximum Savings Rate (AER) | 4.00% | 4.20% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | No |
Cynergy Bank vs Cumberland Building Society Account Opening Times
| Cynergy Bank | Cumberland Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | 5 to 10 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Cynergy Bank vs Cumberland Building Society Features & Account Types
| Cynergy Bank | Cumberland Building Society | |
| 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 | Locations in North East England only |
Cynergy Bank vs Cumberland Building Society Customer Support Options
| Cynergy Bank | Cumberland 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 Cumberland Building Society Foreign Currency Accounts
| Cynergy Bank | Cumberland Building Society | |
| 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 Cumberland Building Society
| Cynergy Bank | Cumberland 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 | Yes |
Cynergy Bank vs Cumberland Building Society Banking Basics
| Cynergy Bank | Cumberland Building Society | |
| Bank Type | Challenger | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 575105 | 106074 |
| Website | Cynergy Bank Website | Cumberland Building Society Website |
Common Comparison Questions
Does Cynergy Bank or Cumberland 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, Cumberland Building Society scores 2.5 out of 5 based 41 Trustpilot reviews. Of which 22% are 5-star and 69% are 1-star.
Does Cynergy Bank or Cumberland 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, Cumberland Building Society’s iPhone App is rated 4.7 out of 5 based on 644 reviews. And it’s Android App is rated 4.8 out of 5 based on 415 reviews.
Does Cynergy Bank or Cumberland 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, Cumberland Building Society offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from 3.05% to 4.20% (AER).
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For other business bank accounts see our guide here.