Is Virgin Money or Saffron Building Society better for your small business?
Below we look at both Virgin Money 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.
Virgin Money vs Saffron Building Society Trustpilot Reviews
| Virgin Money | Saffron Building Society | |
| Trustpilot Review Score (out of 5) | 1.4 | 2.2 |
| Percent 5-Star Reviews | 5% | 21% |
| Percent 1- Star Reviews | 89% | 73% |
| Total Number of Reviews | 6,799 | 58 |
https://www.trustpilot.com/review/uk.virginmoney.com
https://www.trustpilot.com/review/saffronbs.co.uk
Virgin Money vs Saffron Building Society App Reviews
| Virgin Money | Saffron Building Society | |
| iPhone Review Score (out of 5) | 4.6 | 3.7 |
| Number of iPhone Reviews | 125,000 | 24 |
| Android Review Score (out of 5) | 4 | 3.7 |
| Number of Android Reviews | 23,400 | 14 |
https://apps.apple.com/gb/app/virgin-money-mobile-banking/id1482269155
https://apps.apple.com/gb/app/saffron-building-society/id1482290341
Virgin Money vs Saffron Building Society Account Fees & Charges
| Virgin Money | Saffron Building Society | |
| Free Business Bank Account | Yes | No |
| Free Business Account Term Length | 25 Months | NA |
| Cheapest Monthly Account Fee | No | £10 |
| Most Expensive Monthly Account Fee | No | £10 |
| Electronic Payment Cost (in/out) | Free | Free |
| Cash Payments Cost (in/out) | 90p per £100 | Free |
| Cheques (in/out) | 30p per cheque | £1.50 |
| CHAPS Payments Cost | £25 | £15 |
| SEPA Payments Cost | £20 | 25p |
Virgin Money vs Saffron Building Society Business Savings Rates
| Virgin Money | Saffron Building Society | |
| Types of Business Savings Accounts | Instant access accounts, Notice accounts, Fixed term deposit accounts | Regular Savings, Easy access, Fixed rate bonds, Notice accounts, Business/corporate accounts |
| Lowest Savings Rate (AER) | 1.35% | 1.20% |
| Maximum Savings Rate (AER) | 5.15% | 5.75% |
| Minimum Savings Amount | £1 | £1 |
| Interest Paid On Foreign Currencies | Yes | No |
Virgin Money vs Saffron Building Society Account Opening Times
| Virgin Money | Saffron Building Society | |
| Can You Apply Online? | Yes | Yes |
| How Long Does Opening An Account Typically Take? | 1 to 47 Working days | Undisclosed |
| Do They Check Your Credit? | Yes | Yes |
| Current Account Switch Service | Yes | Yes |
Virgin Money vs Saffron Building Society Features & Account Types
| Virgin Money | 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 England and Scotland only | Locations in Essex only |
Virgin Money vs Saffron Building Society Customer Support Options
| Virgin Money | 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 |
Virgin Money vs Saffron Building Society Foreign Currency Accounts
| Virgin Money | Saffron Building Society | |
| US Dollar (USD) Bank Accounts | Yes | No |
| Euro (EUR) Bank Accounts | Yes | No |
| Other Currencies Available: | No | No |
Other Business Services From Virgin Money and Saffron Building Society
| Virgin Money | 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 | Yes | No |
Virgin Money vs Saffron Building Society Banking Basics
| Virgin Money | Saffron Building Society | |
| Bank Type | High Street | Building Society |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| FCA Number | 121873 | 100015 |
| Website | Virgin Money Website | Saffron Building Society Website |
Common Comparison Questions
Does Virgin Money or Saffron Building Society have better customer reviews?
Virgin Money scores 1.4 out of 5 based 6,799 Trustpilot reviews. Of these reviews 5% are 5-star and 89% 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 Virgin Money or Saffron Building Society have a better App?
Virgin Money’s iPhone App is rated 4.6 out of 5 based on 125,000 reviews. And it’s Android App is rated 4 out of 5 based on 23,400 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 Virgin Money or Saffron Building Society have better business savings rates?
Virgin Money offers the following types of business savings accounts: Instant access accounts, Notice accounts, Fixed term deposit accounts with interest rates ranging from 1.35% to 5.15%. (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.