Bank of Ireland UK vs Tesco Bank
Bank of Ireland UK has a blended long-term credit rating of A+ and Tesco Bank A+, the same grade. Bank of Ireland UK and Tesco Bank hold separate banking licences, so eligible savings with each are protected by the FSCS up to £120,000 per person separately.
Bank of Ireland UK
Moody's, Fitch
Tesco Bank
S&P, Moody's, Fitch
Rating History Comparison
Comparison Summary
| Metric | Bank of Ireland UK | Tesco Bank | Difference |
|---|---|---|---|
| Credit Rating | A+ | A+ | Same grade |
| Normalized Score | 78 | 82 | -4 points |
| Agencies | Moody's, Fitch | S&P, Moody's, Fitch | Different |
| Outlook | Stable | Stable | Same |
| Trend | NEW |
Different | |
| Investment Grade | Yes | Yes | Same |
Service record and deposit protection
| Measure | Bank of Ireland UK | 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) | 1.89 (2026 H1, group figure) | not published |
| Complaints upheld by the bank | 39% | not published |
| Major operational or security incidents reported to the FCA, last 12 months | 0 (to Jun 2026) | not collected |
| Banking licence (FCA reference) | 512956 | 186022 |
Bank of Ireland UK 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 Bank of Ireland UK or Tesco Bank financially stronger?
Bank of Ireland UK has a blended long-term credit rating of A+ and Tesco Bank A+, the same grade. 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 Bank of Ireland UK and Tesco Bank share FSCS protection?
Bank of Ireland UK 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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