Is Cynergy Bank or Unity Trust better for your small business?
Below we look at both Cynergy Bank and Unity Trust 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 Unity Trust Trustpilot Reviews
| Cynergy Bank | Unity Trust | |
| Trustpilot Review Score (out of 5) | 4 | 4 |
| Percent 5-Star Reviews | 58% | 61% |
| Percent 1- Star Reviews | 27% | 14% |
| Total Number of Reviews | 2,235 | 255 |
https://www.trustpilot.com/review/cynergybank.co.uk
https://www.trustpilot.com/review/unity.co.uk
Cynergy Bank vs Unity Trust App Reviews
| Cynergy Bank | Unity Trust | |
| 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 Unity Trust Account Fees & Charges
| Cynergy Bank | Unity Trust | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £25 | £6 |
| Most Expensive Monthly Account Fee | £25 | £6 |
| Electronic Payment Cost (in/out) | 35p | 14p |
| Cash Payments Cost (in/out) | 65p per £100 | 50p per £100 |
| Cheques (in/out) | 30p / 78p | 30p per item |
| CHAPS Payments Cost | £25 | £28 |
| SEPA Payments Cost | £6 | 25p |
Cynergy Bank vs Unity Trust Business Savings Rates
| Cynergy Bank | Unity Trust | |
| Types of Business Savings Accounts | Business Saver | Instant Access, Fixed Term |
| Lowest Savings Rate (AER) | 4.00% | 2.77% |
| Maximum Savings Rate (AER) | 4.00% | 5.10% |
| Minimum Savings Amount | £1 | No |
| Interest Paid On Foreign Currencies | Yes | Yes |
Cynergy Bank vs Unity Trust Account Opening Times
| Cynergy Bank | Unity Trust | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 15 minutes | 7 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Cynergy Bank vs Unity Trust Features & Account Types
| Cynergy Bank | Unity Trust | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| 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 | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | No |
| In Person/Branch Banking | Yes | No |
| Branch Locations | London, Redhill, Birmingham, Manchester and Glasgow | No own branches but can use NatWest, RBS or Ulster Bank locations |
Cynergy Bank vs Unity Trust Customer Support Options
| Cynergy Bank | Unity Trust | |
| 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 Unity Trust Foreign Currency Accounts
| Cynergy Bank | Unity Trust | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Cynergy Bank and Unity Trust
| Cynergy Bank | Unity Trust | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | Yes |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Cynergy Bank vs Unity Trust Banking Basics
| Cynergy Bank | Unity Trust | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 575105 | 204570 |
| Website | Cynergy Bank Website | Unity Trust Website |
Common Comparison Questions
Does Cynergy Bank or Unity Trust 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, Unity Trust scores 4 out of 5 based 255 Trustpilot reviews. Of which 61% are 5-star and 14% are 1-star.
Does Cynergy Bank or Unity Trust 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, Unity Trust’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 Unity Trust 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, Unity Trust offers Instant Access, Fixed Term accounts with interest rates ranging from 2.77% to 5.10% (AER).
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For other business bank accounts see our guide here.