Is HSBC or Cambridge Building Society better for your small business?
Below we look at both HSBC and Cambridge 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.
HSBC vs Cambridge Building Society Trustpilot Reviews
| HSBC | Cambridge Building Society | |
| Trustpilot Review Score (out of 5) | 1.5 | 3.1 |
| Percent 5-Star Reviews | 7% | 53% |
| Percent 1- Star Reviews | 88% | 47% |
| Total Number of Reviews | 8,399 | 15 |
https://www.trustpilot.com/review/www.hsbc.co.uk
https://www.trustpilot.com/review/www.cambridgebs.co.uk
HSBC vs Cambridge Building Society App Reviews
| HSBC | Cambridge Building Society | |
| iPhone Review Score (out of 5) | 4.8 | 4 |
| Number of iPhone Reviews | 1,400,000 | 35 |
| Android Review Score (out of 5) | 4.8 | 2.6 |
| Number of Android Reviews | 260,000 | 29 |
https://apps.apple.com/gb/app/hsbc-uk-mobile-banking/id1220329065
https://apps.apple.com/gb/app/cambridge-building-society/id1228676229
HSBC vs Cambridge Building Society Account Fees & Charges
| HSBC | Cambridge Building Society | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £6.50 | £10 |
| Most Expensive Monthly Account Fee | £10 | £20 |
| Electronic Payment Cost (in/out) | 35p | Free |
| Cash Payments Cost (in/out) | £1.50 | £1.50 |
| Cheques (in/out) | 50p per cheque | Free |
| CHAPS Payments Cost | £17 | No |
| SEPA Payments Cost | 20p | No |
HSBC vs Cambridge Building Society Business Savings Rates
| HSBC | Cambridge Building Society | |
| Types of Business Savings Accounts | Business Money Manager, Business Money Market, Clients Deposit | Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond |
| Lowest Savings Rate (AER) | 0.10% | 2.90% |
| Maximum Savings Rate (AER) | 2.02% | 4.25% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | No |
HSBC vs Cambridge Building Society Account Opening Times
| HSBC | Cambridge Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 to 10 Working days | Undisclosed |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
HSBC vs Cambridge Building Society Features & Account Types
| HSBC | Cambridge Building Society | |
| Business Current Account | Yes | No |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Accounts For Startups | Yes | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Visa | None |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | UK-wide | Locations around Cambridge |
HSBC vs Cambridge Building Society Customer Support Options
| HSBC | Cambridge 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 |
HSBC vs Cambridge Building Society Foreign Currency Accounts
| HSBC | Cambridge Building Society | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From HSBC and Cambridge Building Society
| HSBC | Cambridge 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 | Yes | No |
| Free Accounting Software | No | No |
HSBC vs Cambridge Building Society Banking Basics
| HSBC | Cambridge Building Society | |
| Bank Type | High Street | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 765112 | 157223 |
| Website | HSBC Website | Cambridge Building Society Website |
Common Comparison Questions
Does HSBC or Cambridge Building Society have better customer reviews?
HSBC scores 1.5 out of 5 based 8,399 Trustpilot reviews. Of these reviews 7% are 5-star and 88% are 1-star.
Whereas, Cambridge Building Society scores 3.1 out of 5 based 15 Trustpilot reviews. Of which 53% are 5-star and 47% are 1-star.
Does HSBC or Cambridge Building Society have a better App?
HSBC’s iPhone App is rated 4.8 out of 5 based on 1,400,000 reviews. And it’s Android App is rated 4.8 out of 5 based on 260,000 reviews.
In comparison, Cambridge Building Society’s iPhone App is rated 4 out of 5 based on 35 reviews. And it’s Android App is rated 2.6 out of 5 based on 29 reviews.
Does HSBC or Cambridge Building Society have better business savings rates?
HSBC offers the following types of business savings accounts: Business Money Manager, Business Money Market, Clients Deposit with interest rates ranging from 0.10% to 2.02%. (AER)
In contrast, Cambridge Building Society offers Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond accounts with interest rates ranging from 2.90% to 4.25% (AER).
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For other business bank accounts see our guide here.