Is Saffron Building Society or ICICI Bank UK better for your small business?
Below we look at both Saffron Building Society and ICICI Bank UK 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 ICICI Bank UK Trustpilot Reviews
| Saffron Building Society | ICICI Bank UK | |
| Trustpilot Review Score (out of 5) | 2.2 | 2.7 |
| Percent 5-Star Reviews | 21% | 18% |
| Percent 1- Star Reviews | 73% | 74% |
| Total Number of Reviews | 58 | 23 |
https://www.trustpilot.com/review/saffronbs.co.uk
https://www.trustpilot.com/review/www.icicibank.co.uk
Saffron Building Society vs ICICI Bank UK App Reviews
| Saffron Building Society | ICICI Bank UK | |
| iPhone Review Score (out of 5) | 3.7 | 2.7 |
| Number of iPhone Reviews | 24 | 237 |
| Android Review Score (out of 5) | 3.7 | 4 |
| Number of Android Reviews | 14 | 684 |
https://apps.apple.com/gb/app/saffron-building-society/id1482290341
https://apps.apple.com/gb/app/icici-bank-uk-imobile/id1223898732
Saffron Building Society vs ICICI Bank UK Account Fees & Charges
| Saffron Building Society | ICICI Bank UK | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | £10 | £5 |
| Most Expensive Monthly Account Fee | £10 | £15 |
| Electronic Payment Cost (in/out) | Free | 25p |
| Cash Payments Cost (in/out) | Free | £5 per £1,000 / free |
| Cheques (in/out) | £1.50 | £1 |
| CHAPS Payments Cost | £15 | £20 |
| SEPA Payments Cost | 25p | No |
Saffron Building Society vs ICICI Bank UK Business Savings Rates
| Saffron Building Society | ICICI Bank UK | |
| Types of Business Savings Accounts | Regular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accounts | Business Savings Account, Business Fixed Deposit |
| Lowest Savings Rate (AER) | 1.20% | 2.85% |
| Maximum Savings Rate (AER) | 5.75% | 4.50% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | No | Yes |
Saffron Building Society vs ICICI Bank UK Account Opening Times
| Saffron Building Society | ICICI Bank UK | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | Undisclosed | 2 Working days |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Saffron Building Society vs ICICI Bank UK Features & Account Types
| Saffron Building Society | ICICI Bank UK | |
| 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 | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In Person/Branch Banking | Yes | Yes |
| Branch Locations | Locations in Essex only | London, Birmingham and Manchester |
Saffron Building Society vs ICICI Bank UK Customer Support Options
| Saffron Building Society | ICICI Bank UK | |
| 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 ICICI Bank UK Foreign Currency Accounts
| Saffron Building Society | ICICI Bank UK | |
| US Dollar (USD) Bank Accounts | No | Yes |
| Euro (EUR) Bank Accounts | No | Yes |
| Other Currencies Available: | No |
|
Other Business Services From Saffron Building Society and ICICI Bank UK
| Saffron Building Society | ICICI Bank UK | |
| Business Loans | Yes | 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 |
Saffron Building Society vs ICICI Bank UK Banking Basics
| Saffron Building Society | ICICI Bank UK | |
| Bank Type | Building Society | Foreign Bank |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 100015 | 223268 |
| Website | Saffron Building Society Website | ICICI Bank UK Website |
Common Comparison Questions
Does Saffron Building Society or ICICI Bank UK 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, ICICI Bank UK scores 2.7 out of 5 based 23 Trustpilot reviews. Of which 18% are 5-star and 74% are 1-star.
Does Saffron Building Society or ICICI Bank UK 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, ICICI Bank UK’s iPhone App is rated 2.7 out of 5 based on 237 reviews. And it’s Android App is rated 4 out of 5 based on 684 reviews.
Does Saffron Building Society or ICICI Bank UK 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, ICICI Bank UK offers Business Savings Account, Business Fixed Deposit accounts with interest rates ranging from 2.85% to 4.50% (AER).
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For other business bank accounts see our guide here.