Is Cynergy Bank or Saffron Building Society better for your small business?
Below we look at both Cynergy 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.
Cynergy Bank vs Saffron Building Society Trustpilot Reviews
| Cynergy Bank | Saffron Building Society | |
| Trustpilot Review Score (out of 5) | 4 | 2.2 |
| Percent 5-Star Reviews | 58% | 21% |
| Percent 1- Star Reviews | 27% | 73% |
| Total Number of Reviews | 2,235 | 58 |
https://www.trustpilot.com/review/cynergybank.co.uk
https://www.trustpilot.com/review/saffronbs.co.uk
Cynergy Bank vs Saffron Building Society App Reviews
| Cynergy Bank | Saffron Building Society | |
| iPhone Review Score (out of 5) | 1.5 | 3.7 |
| Number of iPhone Reviews | 350 | 24 |
| Android Review Score (out of 5) | 1.7 | 3.7 |
| Number of Android Reviews | 449 | 14 |
https://apps.apple.com/gb/app/cynergy-bank-authenticator/id1497728953
https://apps.apple.com/gb/app/saffron-building-society/id1482290341
Cynergy Bank vs Saffron Building Society Account Fees & Charges
| Cynergy Bank | Saffron 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 | £10 |
| Electronic Payment Cost (in/out) | 35p | Free |
| Cash Payments Cost (in/out) | 65p per £100 | Free |
| Cheques (in/out) | 30p / 78p | £1.50 |
| CHAPS Payments Cost | £25 | £15 |
| SEPA Payments Cost | £6 | 25p |
Cynergy Bank vs Saffron Building Society Business Savings Rates
| Cynergy Bank | Saffron Building Society | |
| Types of Business Savings Accounts | Business Saver | Regular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accounts |
| Lowest Savings Rate (AER) | 4.00% | 1.20% |
| Maximum Savings Rate (AER) | 4.00% | 5.75% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | No |
Cynergy Bank vs Saffron Building Society Account Opening Times
| Cynergy Bank | Saffron 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 | Yes |
Cynergy Bank vs Saffron Building Society Features & Account Types
| Cynergy 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 | 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 | Yes |
| Branch Locations | London, Redhill, Birmingham, Manchester and Glasgow | Locations in Essex only |
Cynergy Bank vs Saffron Building Society Customer Support Options
| Cynergy 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 |
Cynergy Bank vs Saffron Building Society Foreign Currency Accounts
| Cynergy Bank | Saffron 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 Saffron Building Society
| Cynergy Bank | Saffron 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 Saffron Building Society Banking Basics
| Cynergy Bank | Saffron Building Society | |
| Bank Type | Challenger | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 575105 | 100015 |
| Website | Cynergy Bank Website | Saffron Building Society Website |
Common Comparison Questions
Does Cynergy Bank or Saffron 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, 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 Cynergy Bank or Saffron 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, 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 Cynergy Bank or Saffron 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, 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.