Is RBS (Royal Bank of Scotland) or Saffron Building Society better for your small business?
Below we look at both RBS (Royal Bank of Scotland) 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.
.png)
RBS (Royal Bank of Scotland) vs Saffron Building Society Trustpilot Reviews
| RBS (Royal Bank of Scotland) | Saffron Building Society | |
| Trustpilot Review Score (out of 5) | 1.3 | 2.2 |
| Percent 5-Star Reviews | 7% | 21% |
| Percent 1- Star Reviews | 89% | 73% |
| Total Number of Reviews | 838 | 58 |
https://www.trustpilot.com/review/www.rbs.co.uk
https://www.trustpilot.com/review/saffronbs.co.uk
RBS (Royal Bank of Scotland) vs Saffron Building Society App Reviews
| RBS (Royal Bank of Scotland) | Saffron Building Society | |
| iPhone Review Score (out of 5) | 4.8 | 3.7 |
| Number of iPhone Reviews | 106,900 | 24 |
| Android Review Score (out of 5) | 4.3 | 3.7 |
| Number of Android Reviews | 81,700 | 14 |
https://apps.apple.com/gb/app/royal-bank-of-scotland/id334852412
https://apps.apple.com/gb/app/saffron-building-society/id1482290341
RBS (Royal Bank of Scotland) vs Saffron Building Society Account Fees & Charges
| RBS (Royal Bank of Scotland) | Saffron Building Society | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | Free | £10 |
| Most Expensive Monthly Account Fee | Free | £10 |
| Electronic Payment Cost (in/out) | 35p | Free |
| Cash Payments Cost (in/out) | 70p per £100 | Free |
| Cheques (in/out) | 70p per item | £1.50 |
| CHAPS Payments Cost | £20 | £15 |
| SEPA Payments Cost | 45p | 25p |
RBS (Royal Bank of Scotland) vs Saffron Building Society Business Savings Rates
| RBS (Royal Bank of Scotland) | Saffron Building Society | |
| Types of Business Savings Accounts | Business reserve, Liquidity manager notice, Treasury reserve, Client deposit manager, Client account manager | Regular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accounts |
| Lowest Savings Rate (AER) | 1.46% | 1.20% |
| Maximum Savings Rate (AER) | 4.25% | 5.75% |
| Minimum Savings Amount | No | £1 |
| Interest Paid On Foreign Currencies | Yes | No |
RBS (Royal Bank of Scotland) vs Saffron Building Society Account Opening Times
| RBS (Royal Bank of Scotland) | Saffron Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 5 to 7 Working days | Undisclosed |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
RBS (Royal Bank of Scotland) vs Saffron Building Society Features & Account Types
_F1.png)
| RBS (Royal Bank of Scotland) | 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 | UK-wide including the ability to use some Natwest locations | Locations in Essex only |
RBS (Royal Bank of Scotland) vs Saffron Building Society Customer Support Options
| RBS (Royal Bank of Scotland) | 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 |
RBS (Royal Bank of Scotland) vs Saffron Building Society Foreign Currency Accounts
| RBS (Royal Bank of Scotland) | Saffron Building Society | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From RBS (Royal Bank of Scotland) and Saffron Building Society
_F2.png)
| RBS (Royal Bank of Scotland) | 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 | Yes | No |
| Free Accounting Software | Yes | No |
RBS (Royal Bank of Scotland) vs Saffron Building Society Banking Basics
| RBS (Royal Bank of Scotland) | Saffron Building Society | |
| Bank Type | High Street | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 114724 | 100015 |
| Website | RBS (Royal Bank of Scotland) Website | Saffron Building Society Website |
Common Comparison Questions
Does RBS (Royal Bank of Scotland) or Saffron Building Society have better customer reviews?
RBS (Royal Bank of Scotland) scores 1.3 out of 5 based 838 Trustpilot reviews. Of these reviews 7% are 5-star and 89% 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 RBS (Royal Bank of Scotland) or Saffron Building Society have a better App?
RBS (Royal Bank of Scotland)’s iPhone App is rated 4.8 out of 5 based on 106,900 reviews. And it’s Android App is rated 4.3 out of 5 based on 81,700 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 RBS (Royal Bank of Scotland) or Saffron Building Society have better business savings rates?
RBS (Royal Bank of Scotland) offers the following types of business savings accounts: Business reserve, Liquidity manager notice, Treasury reserve, Client deposit manager, Client account manager with interest rates ranging from 1.46% to 4.25%. (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).
See Other Comparisons:RBS (Royal Bank of Scotland) vs OakNorth
RBS (Royal Bank of Scotland) vs Airwallex
RBS (Royal Bank of Scotland) vs Triodos Bank
RBS (Royal Bank of Scotland) vs Soldo
RBS (Royal Bank of Scotland) vs Cambridge Building Society
For other business bank accounts see our guide here.