Is Shawbrook Bank or Cambridge Building Society better for your small business?
Below we look at both Shawbrook 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.
Shawbrook Bank vs Cambridge Building Society Trustpilot Reviews
| Shawbrook Bank | Cambridge Building Society | |
| Trustpilot Review Score (out of 5) | 4.7 | 3.1 |
| Percent 5-Star Reviews | 85% | 53% |
| Percent 1- Star Reviews | 7% | 47% |
| Total Number of Reviews | 10,747 | 15 |
https://www.trustpilot.com/review/www.shawbrook.co.uk
https://www.trustpilot.com/review/www.cambridgebs.co.uk
Shawbrook Bank vs Cambridge Building Society App Reviews
| Shawbrook Bank | Cambridge Building Society | |
| iPhone Review Score (out of 5) | No Rating | 4 |
| Number of iPhone Reviews | No Reviews | 35 |
| Android Review Score (out of 5) | No Rating | 2.6 |
| Number of Android Reviews | No Reviews | 29 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/cambridge-building-society/id1228676229
Shawbrook Bank vs Cambridge Building Society Account Fees & Charges
| Shawbrook Bank | Cambridge Building Society | |
| Free Business Bank Account | No | No |
| Free Business Account Term Length | NA | NA |
| Cheapest Monthly Account Fee | Free | £10 |
| Most Expensive Monthly Account Fee | £12 | £20 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | Free | £1.50 |
| Cheques (in/out) | Free | Free |
| CHAPS Payments Cost | £35 | No |
| SEPA Payments Cost | No | No |
Shawbrook Bank vs Cambridge Building Society Business Savings Rates
| Shawbrook Bank | Cambridge Building Society | |
| Types of Business Savings Accounts | Easy Access, Fixed Rate, Notice Accounts | Business Saver, Council Saver, Notice Business Saver, Fixed Rate Business Bond |
| Lowest Savings Rate (AER) | 3.66% | 2.90% |
| Maximum Savings Rate (AER) | 5.03% | 4.25% |
| Minimum Savings Amount | £1,000 | £1,000 |
| Interest Paid On Foreign Currencies | No | No |
Shawbrook Bank vs Cambridge Building Society Account Opening Times
| Shawbrook Bank | Cambridge Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 5 Working days | Undisclosed |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | No | No |
Shawbrook Bank vs Cambridge Building Society Features & Account Types
| Shawbrook Bank | Cambridge Building Society | |
| Business Current Account | No | 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 | None | None |
| Online Banking | Yes | Yes |
| Mobile Banking | No | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | Limited locations accross the UK | Locations around Cambridge |
Shawbrook Bank vs Cambridge Building Society Customer Support Options
| Shawbrook Bank | Cambridge Building Society | |
| Phone Support Available | Yes | Yes |
| Email Support Available | Yes | Yes |
| App Based Support | No | Yes |
| Web Based Support | Yes | Yes |
| In person Customer Support | No | Yes |
Shawbrook Bank vs Cambridge Building Society Foreign Currency Accounts
| Shawbrook Bank | Cambridge Building Society | |
| US Dollar (USD) Bank Accounts | No | No |
| Euro (EUR) Bank Accounts | No | No |
| Other Currencies Available: | No | No |
Other Business Services From Shawbrook Bank and Cambridge Building Society
| Shawbrook 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 | No | No |
| Free Accounting Software | No | No |
Shawbrook Bank vs Cambridge Building Society Banking Basics
| Shawbrook Bank | Cambridge Building Society | |
| Bank Type | Challenger | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204574 | 157223 |
| Website | Shawbrook Bank Website | Cambridge Building Society Website |
Common Comparison Questions
Does Shawbrook Bank or Cambridge Building Society have better customer reviews?
Shawbrook Bank scores 4.7 out of 5 based 10,747 Trustpilot reviews. Of these reviews 85% are 5-star and 7% 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 Shawbrook Bank or Cambridge Building Society have a better App?
Shawbrook Bank’s iPhone App is rated No Rating out of 5 based on No Reviews reviews. And it’s Android App is rated No Rating out of 5 based on No Reviews 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 Shawbrook Bank or Cambridge Building Society have better business savings rates?
Shawbrook Bank offers the following types of business savings accounts: Easy Access, Fixed Rate, Notice Accounts with interest rates ranging from 3.66% to 5.03%. (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.