Barclays Bank PLC vs Lloyds Bank plc
Barclays Bank has a blended long-term credit rating of A+ and Lloyds Bank AA-, so Lloyds Bank is rated 1 notch higher. Barclays Bank and Lloyds Bank hold separate banking licences, so eligible savings with each are protected by the FSCS up to £120,000 per person separately. In the CMA's August 2026 service quality survey, 62% of Lloyds Bank's personal customers would recommend it for overall service; Barclays Bank is not one of the brands surveyed. In the FCA's latest complaints figures, Barclays Bank received 9.26 banking complaints per 1,000 accounts and Lloyds Bank 3.16.
Barclays Bank PLC
S&P, Moody's, Fitch
Lloyds Bank plc
S&P, Moody's, Fitch
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Rating History Comparison
Comparison Summary
| Metric | Barclays Bank PLC | Lloyds Bank plc | Difference |
|---|---|---|---|
| Credit Rating | A+ | AA- | Lloyds Bank 1 notch higher |
| Normalized Score | 82 | 83 | -1 points |
| Agencies | S&P, Moody's, Fitch | S&P, Moody's, Fitch | Same |
| Outlook | Stable | N/A | Different |
| Trend | NEW |
Different | |
| Investment Grade | Yes | Yes | Same |
Service record and deposit protection
| Measure | Barclays Bank | Lloyds Bank |
|---|---|---|
| Would recommend for overall service (CMA survey, Aug 2026, personal, GB) | not surveyed | 62% (rank 7 of 17) |
| Would recommend for online and mobile banking | not surveyed | 76% (rank 5= of 17) |
| Banking complaints per 1,000 accounts (FCA) | 9.26 (2026 H1) | 3.16 (2026 H1) |
| Complaints upheld by the bank | 55% | 66% |
| Major operational or security incidents reported to the FCA, last 12 months | not collected | 21 (to Jun 2026) |
| Banking licence (FCA reference) | 122702 | 119278 |
Barclays Bank and Lloyds 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 Barclays Bank or Lloyds Bank financially stronger?
Barclays Bank has a blended long-term credit rating of A+ and Lloyds Bank AA-, so Lloyds 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 Barclays Bank and Lloyds Bank share FSCS protection?
Barclays Bank and Lloyds Bank hold separate banking licences, so eligible savings with each are protected by the FSCS up to £120,000 per person separately.
Which has better customer service, Barclays Bank or Lloyds Bank?
In the CMA's August 2026 service quality survey, 62% of Lloyds Bank's personal customers would recommend it for overall service; Barclays Bank is not one of the brands surveyed. In the FCA's latest complaints figures, Barclays Bank received 9.26 banking complaints per 1,000 accounts and Lloyds Bank 3.16. A service score reflects customers' experience, not the bank's financial strength.
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