Is Ulster Bank or Saffron Building Society better for your small business?
Below we look at both Ulster 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.
Ulster Bank vs Saffron Building Society Trustpilot Reviews
| Ulster Bank | Saffron Building Society | |
| Trustpilot Review Score (out of 5) | 1.5 | 2.2 |
| Percent 5-Star Reviews | 8% | 21% |
| Percent 1- Star Reviews | 86% | 73% |
| Total Number of Reviews | 114 | 58 |
https://www.trustpilot.com/review/www.ulsterbank.co.uk
https://www.trustpilot.com/review/saffronbs.co.uk
Ulster Bank vs Saffron Building Society App Reviews
| Ulster Bank | Saffron Building Society | |
| iPhone Review Score (out of 5) | 4.8 | 3.7 |
| Number of iPhone Reviews | 15,700 | 24 |
| Android Review Score (out of 5) | 4.1 | 3.7 |
| Number of Android Reviews | 15,000 | 14 |
https://apps.apple.com/gb/app/ulster-bank-ni-mobile-banking/id469523324
https://apps.apple.com/gb/app/saffron-building-society/id1482290341
Ulster Bank vs Saffron Building Society Account Fees & Charges
| Ulster Bank | Saffron Building Society | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 24 Months | NA |
| Cheapest Monthly Account Fee | £8 | £10 |
| Most Expensive Monthly Account Fee | £12 | £10 |
| Electronic Payment Cost (in/out) | 43p | Free |
| Cash Payments Cost (in/out) | 70p per £100 | Free |
| Cheques (in/out) | 40p | £1.50 |
| CHAPS Payments Cost | £18.75 | £15 |
| SEPA Payments Cost | €0.51 | 25p |
Ulster Bank vs Saffron Building Society Business Savings Rates
| Ulster Bank | Saffron Building Society | |
| Types of Business Savings Accounts | Instant access accounts, Fixed term accounts, Currency savings accounts | Regular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accounts |
| Lowest Savings Rate (AER) | 1.46% | 1.20% |
| Maximum Savings Rate (AER) | 1.92% | 5.75% |
| Minimum Savings Amount | No | £1 |
| Interest Paid On Foreign Currencies | Yes | No |
Ulster Bank vs Saffron Building Society Account Opening Times
| Ulster Bank | Saffron Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 24 working hours | Undisclosed |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Ulster Bank vs Saffron Building Society Features & Account Types
| Ulster Bank | 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 | Northern Ireland Only | Locations in Essex only |
Ulster Bank vs Saffron Building Society Customer Support Options
| Ulster Bank | 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 |
Ulster Bank vs Saffron Building Society Foreign Currency Accounts
| Ulster Bank | Saffron Building Society | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: |
| No |
Other Business Services From Ulster Bank and Saffron Building Society
| Ulster Bank | Saffron Building Society | |
| Business Loans | Yes | Yes |
| Commercial Mortgages | No | Yes |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Payment Services | Yes | No |
| Card Machines | Yes | No |
| Free Accounting Software | Yes | No |
Ulster Bank vs Saffron Building Society Banking Basics
| Ulster Bank | Saffron Building Society | |
| Bank Type | High Street | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | NA | 100015 |
| Website | Ulster Bank Website | Saffron Building Society Website |
Common Comparison Questions
Does Ulster Bank or Saffron Building Society have better customer reviews?
Ulster Bank scores 1.5 out of 5 based 114 Trustpilot reviews. Of these reviews 8% are 5-star and 86% 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 Ulster Bank or Saffron Building Society have a better App?
Ulster Bank’s iPhone App is rated 4.8 out of 5 based on 15,700 reviews. And it’s Android App is rated 4.1 out of 5 based on 15,000 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 Ulster Bank or Saffron Building Society have better business savings rates?
Ulster Bank offers the following types of business savings accounts: Instant access accounts, Fixed term accounts, Currency savings accounts with interest rates ranging from 1.46% to 1.92%. (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.