Is Nationwide or Cynergy Bank better for your small business?
Below we look at both Nationwide 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.
Nationwide vs Cynergy Bank Trustpilot Reviews
| Nationwide | Cynergy Bank | |
| Trustpilot Review Score (out of 5) | 1.7 | 4 |
| Percent 5-Star Reviews | 15% | 58% |
| Percent 1- Star Reviews | 75% | 27% |
| Total Number of Reviews | 5,509 | 2,235 |
https://www.trustpilot.com/review/www.nationwide.co.uk
https://www.trustpilot.com/review/cynergybank.co.uk
Nationwide vs Cynergy Bank App Reviews
| Nationwide | Cynergy Bank | |
| iPhone Review Score (out of 5) | 4.8 | 1.5 |
| Number of iPhone Reviews | 595,000 | 350 |
| Android Review Score (out of 5) | 4.5 | 1.7 |
| Number of Android Reviews | 106,000 | 449 |
https://apps.apple.com/gb/app/nationwide-mobile-banking/id542355130
https://apps.apple.com/gb/app/cynergy-bank-authenticator/id1497728953
Nationwide vs Cynergy Bank Account Fees & Charges
| Nationwide | Cynergy Bank | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | 12 Months |
| Cheapest Monthly Account Fee | £6.50 | £25 |
| Most Expensive Monthly Account Fee | £30 | £25 |
| Electronic Payment Cost (in/out) | Free | 35p |
| Cash Payments Cost (in/out) | 1% | 65p per £100 |
| Cheques (in/out) | £1.50 | 30p / 78p |
| CHAPS Payments Cost | £15 | £25 |
| SEPA Payments Cost | No | £6 |
Nationwide vs Cynergy Bank Business Savings Rates
| Nationwide | Cynergy Bank | |
| Types of Business Savings Accounts | Instant access, Limited access, Fixed rate | Business Saver |
| Lowest Savings Rate (AER) | 2.25% | 4.00% |
| Maximum Savings Rate (AER) | 6.50% | 4.00% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | Yes |
Nationwide vs Cynergy Bank Account Opening Times
| Nationwide | Cynergy Bank | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 7 Working days | 15 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Nationwide vs Cynergy Bank Features & Account Types
| Nationwide | 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 | Visa | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | UK-wide | London, Redhill, Birmingham, Manchester and Glasgow |
Nationwide vs Cynergy Bank Customer Support Options
| Nationwide | 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 |
Nationwide vs Cynergy Bank Foreign Currency Accounts
| Nationwide | Cynergy Bank | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | Yes |
| Other Currencies Available: |
| No |
Other Business Services From Nationwide and Cynergy Bank
| Nationwide | Cynergy Bank | |
| Business Loans | No | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | No | Yes |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | No |
Nationwide vs Cynergy Bank Banking Basics
| Nationwide | Cynergy Bank | |
| Bank Type | Building Society | Challenger |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 106078 | 575105 |
| Website | Nationwide Website | Cynergy Bank Website |
Common Comparison Questions
Does Nationwide or Cynergy Bank have better customer reviews?
Nationwide scores 1.7 out of 5 based 5,509 Trustpilot reviews. Of these reviews 15% are 5-star and 75% 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 Nationwide or Cynergy Bank have a better App?
Nationwide’s iPhone App is rated 4.8 out of 5 based on 595,000 reviews. And it’s Android App is rated 4.5 out of 5 based on 106,000 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 Nationwide or Cynergy Bank have better business savings rates?
Nationwide offers the following types of business savings accounts: Instant access, Limited access, Fixed rate with interest rates ranging from 2.25% to 6.50%. (AER)
In contrast, Cynergy Bank offers Business Saver accounts with interest rates ranging from 4.00% to 4.00% (AER).
See Other Comparisons:Nationwide vs Zempler Bank (formerly Cashplus)
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For other business bank accounts see our guide here.