Al Rayan Bank PLC vs Tesco Bank
Al Rayan Bank has a blended long-term credit rating of A and Tesco Bank A+, so Tesco Bank is rated 1 notch higher. Al Rayan Bank and Tesco Bank hold separate banking licences, so eligible savings with each are protected by the FSCS up to £120,000 per person separately.
Al Rayan Bank PLC
Moody's
Tesco Bank
S&P, Moody's, Fitch
Rating History Comparison
Comparison Summary
| Metric | Al Rayan Bank PLC | Tesco Bank | Difference |
|---|---|---|---|
| Credit Rating | A | A+ | Tesco Bank 1 notch higher |
| Normalized Score | 75 | 82 | -7 points |
| Agencies | Moody's | S&P, Moody's, Fitch | Different |
| Outlook | Stable | Stable | Same |
| Trend | NEW |
Different | |
| Investment Grade | Yes | Yes | Same |
Service record and deposit protection
| Measure | Al Rayan Bank | Tesco Bank |
|---|---|---|
| Would recommend for overall service (CMA survey, Aug 2026, personal, GB) | not surveyed | not surveyed |
| Would recommend for online and mobile banking | not surveyed | not surveyed |
| Banking complaints per 1,000 accounts (FCA) | not published | not published |
| Complaints upheld by the bank | not published | not published |
| Major operational or security incidents reported to the FCA, last 12 months | not collected | not collected |
| Banking licence (FCA reference) | 229148 | 186022 |
Al Rayan Bank and Tesco Bank hold separate banking licences, so eligible savings with each are protected by the FSCS up to £120,000 per person separately.
Survey: CMA / Ipsos, share of each brand's own customers who would recommend it (full rankings). Complaints: FCA firm-level data for the licence holder (all banks). Incidents: figures each bank must publish under the FCA's BCOBS 7 rules (all banks). A service score is about experience, not financial strength.Frequently asked questions
Is Al Rayan Bank or Tesco Bank financially stronger?
Al Rayan Bank has a blended long-term credit rating of A and Tesco Bank A+, so Tesco Bank is rated 1 notch higher. A credit rating is an agency's opinion of a bank's ability to repay its debts, not a guarantee, and it says nothing about service.
Do Al Rayan Bank and Tesco Bank share FSCS protection?
Al Rayan Bank and Tesco Bank hold separate banking licences, so eligible savings with each are protected by the FSCS up to £120,000 per person separately.
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