Is Saffron Building Society or Cumberland Building Society better for your small business?
Below we look at both Saffron Building Society and Cumberland 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.
Saffron Building Society vs Cumberland Building Society Trustpilot Reviews
| Saffron Building Society | Cumberland Building Society | |
| Trustpilot Review Score (out of 5) | 2.2 | 2.5 |
| Percent 5-Star Reviews | 21% | 22% |
| Percent 1- Star Reviews | 73% | 69% |
| Total Number of Reviews | 58 | 41 |
https://www.trustpilot.com/review/saffronbs.co.uk
https://www.trustpilot.com/review/cumberlandbuildingsociety.co.uk
Saffron Building Society vs Cumberland Building Society App Reviews
| Saffron Building Society | Cumberland Building Society | |
| iPhone Review Score (out of 5) | 3.7 | 4.7 |
| Number of iPhone Reviews | 24 | 644 |
| Android Review Score (out of 5) | 3.7 | 4.8 |
| Number of Android Reviews | 14 | 415 |
https://apps.apple.com/gb/app/saffron-building-society/id1482290341
https://apps.apple.com/gb/app/cumberland-mobile-banking/id715482935
Saffron Building Society vs Cumberland Building Society Account Fees & Charges
| Saffron Building Society | Cumberland Building Society | |
| Free Business Bank Account | No | Yes |
| Free Business Account Term Length | NA | 12 Months |
| Cheapest Monthly Account Fee | £10 | Free |
| Most Expensive Monthly Account Fee | £10 | £5 |
| Electronic Payment Cost (in/out) | Free | 35p |
| Cash Payments Cost (in/out) | Free | 40p per £100 |
| Cheques (in/out) | £1.50 | £1 |
| CHAPS Payments Cost | £15 | £25 |
| SEPA Payments Cost | 25p | No |
Saffron Building Society vs Cumberland Building Society Business Savings Rates
| Saffron Building Society | Cumberland Building Society | |
| Types of Business Savings Accounts | Regular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accounts | Instant Access, Fixed Term, Notice Savings |
| Lowest Savings Rate (AER) | 1.20% | 3.05% |
| Maximum Savings Rate (AER) | 5.75% | 4.20% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | No | No |
Saffron Building Society vs Cumberland Building Society Account Opening Times
| Saffron Building Society | Cumberland Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Undisclosed | 5 to 10 minutes |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Saffron Building Society vs Cumberland Building Society Features & Account Types
| Saffron Building Society | Cumberland Building Society | |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | Yes |
| Business Overdraft | No | Yes |
| Accounts For Startups | No | Yes |
| Accounts For Charities | Yes | Yes |
| Accounts For Sole Traders | Yes | Yes |
| Joint Business Accounts Available | Yes | Yes |
| Card Type | Mastercard | Visa |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Locations in Essex only | Locations in North East England only |
Saffron Building Society vs Cumberland Building Society Customer Support Options
| Saffron Building Society | Cumberland 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 |
Saffron Building Society vs Cumberland Building Society Foreign Currency Accounts
| Saffron Building Society | Cumberland Building Society | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No | No |
Other Business Services From Saffron Building Society and Cumberland Building Society
| Saffron Building Society | Cumberland Building Society | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Invoice Financing | No | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | No | No |
| Card Machines | No | No |
| Free Accounting Software | No | Yes |
Saffron Building Society vs Cumberland Building Society Banking Basics
| Saffron Building Society | Cumberland Building Society | |
| Bank Type | Building Society | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 100015 | 106074 |
| Website | Saffron Building Society Website | Cumberland Building Society Website |
Common Comparison Questions
Does Saffron Building Society or Cumberland Building Society have better customer reviews?
Saffron Building Society scores 2.2 out of 5 based 58 Trustpilot reviews. Of these reviews 21% are 5-star and 73% are 1-star.
Whereas, Cumberland Building Society scores 2.5 out of 5 based 41 Trustpilot reviews. Of which 22% are 5-star and 69% are 1-star.
Does Saffron Building Society or Cumberland Building Society have a better App?
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.
In comparison, Cumberland Building Society’s iPhone App is rated 4.7 out of 5 based on 644 reviews. And it’s Android App is rated 4.8 out of 5 based on 415 reviews.
Does Saffron Building Society or Cumberland Building Society have better business savings rates?
Saffron Building Society offers the following types of business savings accounts: Regular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accounts with interest rates ranging from 1.20% to 5.75%. (AER)
In contrast, Cumberland Building Society offers Instant Access, Fixed Term, Notice Savings accounts with interest rates ranging from 3.05% to 4.20% (AER).
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For other business bank accounts see our guide here.