Is Danske Bank UK or Cynergy Bank better for your small business?
Below we look at both Danske Bank UK and Cynergy 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.
Danske Bank UK vs Cynergy Bank Trustpilot Reviews
| Danske Bank UK | Cynergy Bank | |
| Trustpilot Review Score (out of 5) | 2 | 4 |
| Percent 5-Star Reviews | 12% | 58% |
| Percent 1- Star Reviews | 71% | 27% |
| Total Number of Reviews | 24 | 2,235 |
https://www.trustpilot.com/review/danskebank.co.uk
https://www.trustpilot.com/review/cynergybank.co.uk
Danske Bank UK vs Cynergy Bank App Reviews
| Danske Bank UK | Cynergy Bank | |
| iPhone Review Score (out of 5) | 4.4 | 1.5 |
| Number of iPhone Reviews | 2,900 | 350 |
| Android Review Score (out of 5) | 4.4 | 1.7 |
| Number of Android Reviews | 2,890 | 449 |
https://apps.apple.com/gb/app/mobile-bank-uk-danske-bank/id1365361930
https://apps.apple.com/gb/app/cynergy-bank-authenticator/id1497728953
Danske Bank UK vs Cynergy Bank Account Fees & Charges
| Danske Bank UK | Cynergy Bank | |
| Free Business Bank Account | Yes | Yes |
| Free Business Account Term Length | 24 Months | 12 Months |
| Cheapest Monthly Account Fee | £7 | £25 |
| Most Expensive Monthly Account Fee | £48 | £25 |
| Electronic Payment Cost (in/out) | 45p | 35p |
| Cash Payments Cost (in/out) | 90p / £1.40 per £100 | 65p per £100 |
| Cheques (in/out) | 80p / 90p per item | 30p / 78p |
| CHAPS Payments Cost | £20 | £25 |
| SEPA Payments Cost | No | £6 |
Danske Bank UK vs Cynergy Bank Business Savings Rates
| Danske Bank UK | Cynergy Bank | |
| Types of Business Savings Accounts | Business Investment Account, Fixed Term Deposit | Business Saver |
| Lowest Savings Rate (AER) | 1.65% | 4.00% |
| Maximum Savings Rate (AER) | 4.60% | 4.00% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Danske Bank UK vs Cynergy Bank Account Opening Times
| Danske Bank UK | Cynergy Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 Working days | 15 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Danske Bank UK vs Cynergy Bank Features & Account Types
| Danske Bank UK | Cynergy 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 | Yes | No |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Nothern Ireland oly | London, Redhill, Birmingham, Manchester and Glasgow |
Danske Bank UK vs Cynergy Bank Customer Support Options
| Danske Bank UK | Cynergy 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 |
Danske Bank UK vs Cynergy Bank Foreign Currency Accounts
| Danske Bank UK | Cynergy Bank | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
| No |
Other Business Services From Danske Bank UK and Cynergy Bank
| Danske Bank UK | Cynergy Bank | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Danske Bank UK vs Cynergy Bank Banking Basics
| Danske Bank UK | Cynergy Bank | |
| Bank Type | Challenger | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 122261 | 575105 |
| Website | Danske Bank UK Website | Cynergy Bank Website |
Common Comparison Questions
Does Danske Bank UK or Cynergy Bank have better customer reviews?
Danske Bank UK scores 2 out of 5 based 24 Trustpilot reviews. Of these reviews 12% are 5-star and 71% are 1-star.
Whereas, Cynergy Bank scores 4 out of 5 based 2,235 Trustpilot reviews. Of which 58% are 5-star and 27% are 1-star.
Does Danske Bank UK or Cynergy Bank have a better App?
Danske Bank UK’s iPhone App is rated 4.4 out of 5 based on 2,900 reviews. And it’s Android App is rated 4.4 out of 5 based on 2,890 reviews.
In comparison, 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.
Does Danske Bank UK or Cynergy Bank have better business savings rates?
Danske Bank UK offers the following types of business savings accounts: Business Investment Account, Fixed Term Deposit with interest rates ranging from 1.65% to 4.60%. (AER)
In contrast, Cynergy Bank offers Business Saver accounts with interest rates ranging from 4.00% to 4.00% (AER).
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For other business bank accounts see our guide here.