Is Lloyds Bank or Cambridge Building Society better for your small business?
Below we look at both Lloyds Bank 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.
Lloyds Bank vs Cambridge Building Society Trustpilot Reviews
| Lloyds Bank | Cambridge Building Society | |
| Trustpilot Review Score (out of 5) | 1.7 | 3.1 |
| Percent 5-Star Reviews | 13% | 53% |
| Percent 1- Star Reviews | 79% | 47% |
| Total Number of Reviews | 4,311 | 15 |
https://www.trustpilot.com/review/lloydsbank.com
https://www.trustpilot.com/review/www.cambridgebs.co.uk
Lloyds Bank vs Cambridge Building Society App Reviews
| Lloyds Bank | Cambridge Building Society | |
| iPhone Review Score (out of 5) | 4.8 | 4 |
| Number of iPhone Reviews | 1,900,000 | 35 |
| Android Review Score (out of 5) | 4.6 | 2.6 |
| Number of Android Reviews | 317,000 | 29 |
https://apps.apple.com/gb/app/lloyds-bank-mobile-banking/id469964520
https://apps.apple.com/gb/app/cambridge-building-society/id1228676229
Lloyds Bank vs Cambridge Building Society Account Fees & Charges
| Lloyds Bank | Cambridge Building Society | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 12 Months | NA |
| Cheapest Monthly Account Fee | £8.50 | £10 |
| Most Expensive Monthly Account Fee | £8.50 | £20 |
| Electronic Payment Cost (in/out) | Free / 20p | Free |
| Cash Payments Cost (in/out) | £85p / £1.50 per £100 | £1.50 |
| Cheques (in/out) | 85p per cheque | Free |
| CHAPS Payments Cost | £30 | No |
| SEPA Payments Cost | £5 | No |
Lloyds Bank vs Cambridge Building Society Business Savings Rates
| Lloyds Bank | Cambridge Building Society | |
| Types of Business Savings Accounts | Fixed Term Deposit, Instant access account, Notice accounts | Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond |
| Lowest Savings Rate (AER) | 1.31% | 2.90% |
| Maximum Savings Rate (AER) | 4.37% | 4.25% |
| Minimum Savings Amount | £1 | £1,000 |
| Interest Paid On Foreign Currencies | Yes | No |
Lloyds Bank vs Cambridge Building Society Account Opening Times
| Lloyds Bank | Cambridge Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | Undisclosed |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | No |
Lloyds Bank vs Cambridge Building Society Features & Account Types
| Lloyds Bank | 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 |
Lloyds Bank vs Cambridge Building Society Customer Support Options
| Lloyds Bank | 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 |
Lloyds Bank vs Cambridge Building Society Foreign Currency Accounts
| Lloyds Bank | Cambridge Building Society | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Lloyds Bank and Cambridge Building Society
| Lloyds Bank | 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 | Yes | No |
Lloyds Bank vs Cambridge Building Society Banking Basics
| Lloyds Bank | Cambridge Building Society | |
| Bank Type | High Street | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 119278 | 157223 |
| Website | Lloyds Bank Website | Cambridge Building Society Website |
Common Comparison Questions
Does Lloyds Bank or Cambridge Building Society have better customer reviews?
Lloyds Bank scores 1.7 out of 5 based 4,311 Trustpilot reviews. Of these reviews 13% are 5-star and 79% 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 Lloyds Bank or Cambridge Building Society have a better App?
Lloyds Bank’s iPhone App is rated 4.8 out of 5 based on 1,900,000 reviews. And it’s Android App is rated 4.6 out of 5 based on 317,000 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 Lloyds Bank or Cambridge Building Society have better business savings rates?
Lloyds Bank offers the following types of business savings accounts: Fixed Term Deposit, Instant access account, Notice accounts with interest rates ranging from 1.31% to 4.37%. (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.