Cumberland Building Society and Unity Trust both offer a range of business banking options. But which is better?
Below we compare Cumberland Building Society vs Unity Trust on 61 different metrics including business savings account rates, current account fees, Trustpilot reviews and many, many more so you can decide for yourself.
Cumberland Building Society vs Unity Trust Business Savings Accounts Comparison
| Cumberland Building Society | Unity Trust | |
| Types of Savings Accounts | Instant Access and 40 Day Notice Accounts | NA |
| Lowest Savings Rate | 2.40% | NA |
| Maximum Savings Rate | 2.60% | NA |
| Minimum Investment Amount | £100 | NA |
| Website | Cumberland Building Society Website | Unity Trust Website |
- Earn 2.25%-3.51% AER.
- Interest paid daily on both work and non-work days
- Add or withdraw money with zero restrictions 24/7
- Earn 3.55% AER (variable)
- Instant access to your money when needed
- No limits or fees on withdrawals
- Earn 3.66% – 4.51% AER.
- Offers a choice of easy access or fixed-term accounts.
- Average independent review score of 4.7 out of 5.
Cumberland Building Society vs Unity Trust Free Business Bank Accounts
Below we look at the free business bank account options Cumberland Building Society and Unity Trust each offer.
Cumberland Building Society | Unity Trust | |
| Free Business Bank Account? | Yes | No |
| Free Business Account Term Length | 12 months | NA |
- Free version available forever
- Hold and exchange 25+ currencies
- IBANs for Global Transfers
- Ability to invest through your account
- Mobile business account, accessible online and on desktop 24/7
- No Monthly Fee
- 24/7 Online banking & Bank app
- Friendly UK phone support
- Xero, Quickbooks & Sage accounting software integration
- FSCS Protected up to £85k
- Basic account is free forever
- Up to £150,000 of credit, straight through the app
- Business Mastercard, with free purchases at home and abroad
- Trusted by 500,000+ UK businesses
- FSCS protected up to £85,000 via Clearbank
Cumberland Building Society vs Unity Trust Fees & Pricing
Cumberland Building Society | Unity Trust | |
| Cheapest Monthly Account Fee | Free | £6 |
| Most Expensive Monthly Account Fee | £5 | £6 |
| Electronic Payments (in/out) | £0.35/£0.35 | 14p |
| Cash Payments (in/out) | £1 /£1 | £1.50 |
| Cheques (in/out) | £1 / £1 | £1.50 |
| Debit Card Payments | Yes | Yes |
| CHAPS Payments | £25 | £15 |
| SEPA Payments | free | £0.25 |
Cumberland Building Society vs Unity Trust Account Types
Below we look at the different types of business bank accounts and other types of business finance solutions Cumberland Building Society and Unity Trust offer.
| Cumberland Building Society | Unity Trust | |
| Current Account Switch Service | Yes | Yes |
| Type of Card (Mastercard vs VISA) | Mastercard | Mastercard |
| Business Current Account | Yes | Yes |
| Business Savings Account | Yes | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | Yes |
| Business Loans | Yes | Yes |
| Commercial Mortgages | Yes | Yes |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In person/Branch Banking | Yes | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Services | No | Yes |
| Free Accouting Software | No | No |
Cumberland Building Society vs Unity Trust Foreign Currency Accounts
In this section we look at what types of foreign currency accounts each bank offers.
| Cumberland Building Society | Unity Trust | |
| US Dollar (USD) Bank Account | Yes | Yes |
| Euro (EUR) Bank Account | Yes | Yes |
| Other Currencies Available | None | Australian Dollar (AUD), Canadian Dollar (CAD), Swiss Franc (CHF), Danish Krone (DKK), Norwegian Krone (NOK), Swedish Krona (SEK), New Zealand Dollar (NZD), Japanese Yen (JPY), |
Cumberland Building Society vs Unity Trust User Reviews
| Cumberland Building Society | Unity Trust | |
| Trustpilot Score (out of 5) | 2.2 | 4 |
| Number of Trustpilot Reviews | 34 | 237 |
| iPhone App Score | 4.3 | No iPhone app |
| Number iPhone of Reviews | 135 | NA |
| Android App Score | Not Rated | No Android App |
| Number of Android App Reviews | NA | NA |
Cumberland Building Society vs Unity Trust Banking Service Quality
Data for this section comes from the BVA BDRC Business banking service quality report.
| Cumberland Building Society | Unity Trust | |
| Overall Service Quality Ranking | Not Rated | Not Rated |
| Overall Service Quality Score | Not Rated | Not Rated |
| Online And Mobile Banking Services Ranking | Not Rated | Not Rated |
| Online And Mobile Banking Services Score | Not Rated | Not Rated |
| SME overdraft and loan services Ranking | Not Rated | Not Rated |
| SME overdraft and loan services Score | Not Rated | Not Rated |
| Relationship/account management Ranking | Not Rated | Not Rated |
| Relationship/account management Score | Not Rated | Not Rated |
| Service in branches and business centres Ranking | Not Rated | Not Rated |
| Service in branches and business centres Score | Not Rated | Not Rated |
Cumberland Building Society vs Unity Trust Overview
Here is some other key data about each bank.
| Cumberland Building Society | Unity Trust | |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| Market Share | 0.03% | 0.02% |
| Bank Type | Building Society | Challenger |
| Total Assets | £2.88529 billion GBP | £1.66918 billion GBP |
| Swift/BIC Code | CUMBGB21XXX | UYTBGB22XXX |
| FCA Number | 204573 | 204570 |
| Company Number | 611091 | 1713124 |
| Business Customer Phone Number | (01228) 403 141 | 0345 140 1000 |
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