Is Shawbrook Bank or Saffron Building Society better for your small business?
Below we look at both Shawbrook Bank 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.
Shawbrook Bank vs Saffron Building Society Trustpilot Reviews
| Shawbrook Bank | Saffron Building Society | |
| Trustpilot Review Score (out of 5) | 4.7 | 2.2 |
| Percent 5-Star Reviews | 85% | 21% |
| Percent 1- Star Reviews | 7% | 73% |
| Total Number of Reviews | 10,747 | 58 |
https://www.trustpilot.com/review/www.shawbrook.co.uk
https://www.trustpilot.com/review/saffronbs.co.uk
Shawbrook Bank vs Saffron Building Society App Reviews
| Shawbrook Bank | Saffron Building Society | |
| iPhone Review Score (out of 5) | No Rating | 3.7 |
| Number of iPhone Reviews | No Reviews | 24 |
| Android Review Score (out of 5) | No Rating | 3.7 |
| Number of Android Reviews | No Reviews | 14 |
https://www.apple.com/uk/app-store/
https://apps.apple.com/gb/app/saffron-building-society/id1482290341
Shawbrook Bank vs Saffron Building Society Account Fees & Charges
| Shawbrook Bank | Saffron 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 | £10 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | Free | Free |
| Cheques (in/out) | Free | £1.50 |
| CHAPS Payments Cost | £35 | £15 |
| SEPA Payments Cost | No | 25p |
Shawbrook Bank vs Saffron Building Society Business Savings Rates
| Shawbrook Bank | Saffron Building Society | |
| Types of Business Savings Accounts | Easy Access, Fixed Rate, Notice Accounts | Regular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accounts |
| Lowest Savings Rate (AER) | 3.66% | 1.20% |
| Maximum Savings Rate (AER) | 5.03% | 5.75% |
| Minimum Savings Amount | £1,000 | £1 |
| Interest Paid On Foreign Currencies | No | No |
Shawbrook Bank vs Saffron Building Society Account Opening Times
| Shawbrook Bank | Saffron 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 | Yes |
Shawbrook Bank vs Saffron Building Society Features & Account Types
| Shawbrook Bank | Saffron Building Society | |
| Business Current Account | No | 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 | None | Mastercard |
| Online Banking | Yes | Yes |
| Mobile Banking | No | Yes |
| In Person/Branch Banking | No | Yes |
| Branch Locations | Limited locations accross the UK | Locations in Essex only |
Shawbrook Bank vs Saffron Building Society Customer Support Options
| Shawbrook Bank | Saffron 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 Saffron Building Society Foreign Currency Accounts
| Shawbrook Bank | Saffron 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 Saffron Building Society
| Shawbrook Bank | 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 | No | No |
| Free Accounting Software | No | No |
Shawbrook Bank vs Saffron Building Society Banking Basics
| Shawbrook Bank | Saffron Building Society | |
| Bank Type | Challenger | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 204574 | 100015 |
| Website | Shawbrook Bank Website | Saffron Building Society Website |
Common Comparison Questions
Does Shawbrook Bank or Saffron 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, 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 Shawbrook Bank or Saffron 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, 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 Shawbrook Bank or Saffron 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, 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).
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For other business bank accounts see our guide here.