Is Danske Bank UK or Saffron Building Society better for your small business?
Below we look at both Danske Bank UK 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.
Danske Bank UK vs Saffron Building Society Trustpilot Reviews
| Danske Bank UK | Saffron Building Society | |
| Trustpilot Review Score (out of 5) | 2 | 2.2 |
| Percent 5-Star Reviews | 12% | 21% |
| Percent 1- Star Reviews | 71% | 73% |
| Total Number of Reviews | 24 | 58 |
https://www.trustpilot.com/review/danskebank.co.uk
https://www.trustpilot.com/review/saffronbs.co.uk
Danske Bank UK vs Saffron Building Society App Reviews
| Danske Bank UK | Saffron Building Society | |
| iPhone Review Score (out of 5) | 4.4 | 3.7 |
| Number of iPhone Reviews | 2,900 | 24 |
| Android Review Score (out of 5) | 4.4 | 3.7 |
| Number of Android Reviews | 2,890 | 14 |
https://apps.apple.com/gb/app/mobile-bank-uk-danske-bank/id1365361930
https://apps.apple.com/gb/app/saffron-building-society/id1482290341
Danske Bank UK vs Saffron Building Society Account Fees & Charges
| Danske Bank UK | Saffron Building Society | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | £7 | £10 |
| Most Expensive Monthly Account Fee | £48 | £10 |
| Electronic Payment Cost (in/out) | 45p | Free |
| Cash Payments Cost (in/out) | 90p / £1.40 per £100 | Free |
| Cheques (in/out) | 80p / 90p per item | £1.50 |
| CHAPS Payments Cost | £20 | £15 |
| SEPA Payments Cost | No | 25p |
Danske Bank UK vs Saffron Building Society Business Savings Rates
| Danske Bank UK | Saffron Building Society | |
| Types of Business Savings Accounts | Business Investment Account, Fixed Term Deposit | Regular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accounts |
| Lowest Savings Rate (AER) | 1.65% | 1.20% |
| Maximum Savings Rate (AER) | 4.60% | 5.75% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | No |
Danske Bank UK vs Saffron Building Society Account Opening Times
| Danske Bank UK | Saffron Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 10 Working days | Undisclosed |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Danske Bank UK vs Saffron Building Society Features & Account Types
| Danske Bank UK | 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 | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Nothern Ireland oly | Locations in Essex only |
Danske Bank UK vs Saffron Building Society Customer Support Options
| Danske Bank UK | 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 |
Danske Bank UK vs Saffron Building Society Foreign Currency Accounts
| Danske Bank UK | Saffron Building Society | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Danske Bank UK and Saffron Building Society
| Danske Bank UK | Saffron Building Society | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Danske Bank UK vs Saffron Building Society Banking Basics
| Danske Bank UK | Saffron Building Society | |
| Bank Type | Challenger | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 122261 | 100015 |
| Website | Danske Bank UK Website | Saffron Building Society Website |
Common Comparison Questions
Does Danske Bank UK or Saffron Building Society 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, 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 Danske Bank UK or Saffron Building Society 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, 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 Danske Bank UK or Saffron Building Society 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, 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.