Cynergy Bank and Cater Allen Private Bank both offer a range of business banking options. But which is better?
Below we compare Cynergy Bank vs Cater Allen Private Bank on 61 different metrics including business savings account rates, current account fees, Trustpilot reviews and many, many more so you can decide for yourself.
Cynergy Bank vs Cater Allen Private Bank Business Savings Accounts Comparison
| Cynergy Bank | Cater Allen Private Bank | |
| Types of Savings Accounts | NA | Business Notice 35 Account, Fixed Term Deposit Account |
| Lowest Savings Rate | NA | 2.85% |
| Maximum Savings Rate | NA | 4.45% |
| Minimum Investment Amount | NA | Not Stated |
| Website | Cynergy Bank Website | Cater Allen Private Bank 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.
Cynergy Bank vs Cater Allen Private Bank Free Business Bank Accounts
Below we look at the free business bank account options Cynergy Bank and Cater Allen Private Bank each offer.
Cynergy Bank | Cater Allen Private Bank | |
| 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
Cynergy Bank vs Cater Allen Private Bank Fees & Pricing
Cynergy Bank | Cater Allen Private Bank | |
| Cheapest Monthly Account Fee | £10 | Free |
| Most Expensive Monthly Account Fee | £15 | £25 |
| Electronic Payments (in/out) | Unknown | £0.25 |
| Cash Payments (in/out) | 0.0299 | free |
| Cheques (in/out) | £1.50 | £6/£6 |
| Debit Card Payments | Yes | Yes |
| CHAPS Payments | £25 | £25 |
| SEPA Payments | 6 | £2 |
Cynergy Bank vs Cater Allen Private Bank Account Types
Below we look at the different types of business bank accounts and other types of business finance solutions Cynergy Bank and Cater Allen Private Bank offer.
| Cynergy Bank | Cater Allen Private Bank | |
| Current Account Switch Service | Yes | No |
| Type of Card (Mastercard vs VISA) | Mastercard | Mastercard |
| Business Current Account | Yes | Yes |
| Business Savings Account | No | Yes |
| Business Credit Card | Yes | No |
| Business Overdraft | Yes | No |
| Business Loans | Yes | No |
| Commercial Mortgages | Yes | No |
| Online Banking | Yes | Yes |
| Mobile Banking | Yes | Yes |
| In person/Branch Banking | No | No |
| Invoice Financing | Yes | No |
| International Payments | Yes | Yes |
| Merchant Services | No | No |
| Free Accouting Software | No | No |
Cynergy Bank vs Cater Allen Private Bank Foreign Currency Accounts
In this section we look at what types of foreign currency accounts each bank offers.
| Cynergy Bank | Cater Allen Private Bank | |
| US Dollar (USD) Bank Account | No | Yes |
| Euro (EUR) Bank Account | Yes | Yes |
| Other Currencies Available | None | CHF (Swiss Franc), CAD (Canadian Dollar), AUD (Australian Dollar), NZD (New Zealand Dollar), SGD (Singapore Dollar), HKD (Hong Kong Dollar), |
Cynergy Bank vs Cater Allen Private Bank User Reviews
| Cynergy Bank | Cater Allen Private Bank | |
| Trustpilot Score (out of 5) | 4 | 3.4 |
| Number of Trustpilot Reviews | 1706 | 410 |
| iPhone App Score | 1.5 | 3.8 |
| Number iPhone of Reviews | 290 | 338 |
| Android App Score | NA | 3.5 |
| Number of Android App Reviews | NA | 33.2K |
Cynergy Bank vs Cater Allen Private Bank Banking Service Quality
Data for this section comes from the BVA BDRC Business banking service quality report.
| Cynergy Bank | Cater Allen Private Bank | |
| 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 |
Cynergy Bank vs Cater Allen Private Bank Overview
Here is some other key data about each bank.
| Cynergy Bank | Cater Allen Private Bank | |
| FSCS Protection | Yes, up to £85,000 | Yes, up to £85,000 |
| Market Share | 0.04% | No Data |
| Bank Type | Challenger | High Street |
| Total Assets | £4,124.81 million GBP | £353176 billion GBP |
| Swift/BIC Code | BCYPGB2LXXX | CATEGB21XXX |
| FCA Number | 575105 | 178737 |
| Company Number | 4728421 | 383032 |
| Business Customer Phone Number | 0345 850 5555 | 0800 092 3300 |
More Business Banking Comparisons
Cynergy Bank vs ICICI Bank UK
Cynergy Bank vs Airwallex
Cynergy Bank vs Silverbird
Cynergy Bank vs Intergiro
Cynergy Bank vs GoSolo