Cynergy Bank Review: Business Banking

Cynergy Bank was established in December 2018 after it was acquired from the Bank of Cyprus UK by Cynergy Capital Limited. The Bank of Cyprus UK has a long history with the UK’s banking industry and has been in business as far back as 1955. Check our guide for a full business banking comparison.

After it was bought by Cynergy, the new owners took over the Bank of Cyprus’s products and services. Cynergy Bank bank has three branches that continue to provide products and services that meet the demands of business owners in the UK.

What Are The Banking Products Of Cynergy Bank?

Below we go into more detail around various products and services offered by Cynergy bank:

Business Current Account

Cynergy Bank provides the current account holder with access to overdraft facilities, a wide range of payment services, online and mobile banking services. A contactless Visa debit card, checkbook, and paying-in book will be provided too.

The opening balance can be as low as £10. If you reside in the UK, your account will not be charged with a monthly general maintenance fee.

cynergy business bank website

Business Savings Account & Fixed Rate Bonds

Cynergy Bank offers business savings customers with fixed-rate bonds that are available in 1,2, and 3-year fixed terms. The interest rate will depend on how long you will keep your savings account active. For the three-year fixed-term account, a savings rate of 1.1% AER will be applied.

The required minimum deposit for a new account is £10,000, while the maximum deposit is £1,000,000. Business Overdraft. Account-holders may apply for overdrafts amounting to £10,000 up to £100,000+ to help them meet their cash flow requirements.

There is no fixed payment term and interest will be based on the outstanding overdraft balance.

What Are The Reviews And Ratings Received By Cynergy Bank?

Only one review was posted on Trustpilot and the feedback was negative. The client complained about the bank’s customer service. Cynergy Bank did not receive any feedback on top review sites –, Smart Money People, and Which?.


  • Accounts can be accessed 24/7 via online channels
  • Eligible deposits are covered by the UK’s deposit guarantee policy (protected up to £85,000)
  • A proactive approach to customer relations


  • Limited product options for business savings
  • Account maintenance fees that are charged per transaction can be expensive

About Cynergy Bank

person writing review on cynergy business bank

Cynergy Bank’s journey began as Bank of Cyprus UK, a subsidiary of the Bank of Cyprus Group, one of the largest banking and financial services groups in Cyprus.

In a significant rebranding effort to reflect its independent identity and focus, the bank was renamed Cynergy Bank.

Products and Services

Personal Banking

Cynergy Bank offers a variety of personal banking products, including savings accounts, term deposits, and mortgages. The bank aims to provide competitive interest rates and terms to meet the diverse needs of its customers.

Business Banking

For business customers, Cynergy Bank provides a range of services tailored to small and medium-sized enterprises (SMEs). These include business loans, commercial mortgages, and cash management services.

The bank emphasises its understanding of the unique challenges faced by SMEs and offers solutions to support their growth and operations.

Digital Banking Initiatives

Recognizing the importance of digital transformation in banking, Cynergy Bank has invested in enhancing its digital banking platforms.

This includes the development of online banking services and mobile banking apps designed to offer customers convenient access to their accounts and banking services anytime, anywhere.

Customer Service and Support

person reading business paper

Cynergy Bank prides itself on its commitment to excellent customer service. This section would highlight the bank’s approach to customer support, including personal banking advisors, responsive customer service teams, and the availability of financial advice.

Community Involvement and CSR

Beyond its banking services, Cynergy Bank engages in various community and social responsibility initiatives. The bank supports local communities through charitable contributions, volunteering efforts, and partnerships with non-profit organizations.

Future Outlook and Innovations

As Cynergy Bank looks to the future, it remains focused on innovation and adapting to the changing needs of its customers. This could include the introduction of new banking technologies, expansion of services, and strategic partnerships aimed at enhancing its offerings.


Cynergy Bank continues to build its presence in the UK banking sector, driven by a commitment to personalized service, innovation, and community involvement.

With a customer-centric approach, the bank seeks to offer financial solutions that meet the evolving needs of its personal and business customers.

Contacting Cynergy Bank

Address: 4th Floor, One, New Change, London EC4M 9AF, United Kingdom

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