Barclays Bank PLC vs Sainsbury's Bank Plc
Barclays Bank has a blended long-term credit rating of A+ and Sainsbury's Bank AA-, so Sainsbury's Bank is rated 1 notch higher. Barclays Bank and Sainsbury's Bank hold separate banking licences, so eligible savings with each are protected by the FSCS up to £120,000 per person separately. In the FCA's latest complaints figures, Barclays Bank received 9.26 banking complaints per 1,000 accounts and Sainsbury's Bank 1.11.
Barclays Bank PLC
S&P, Moody's, Fitch
Sainsbury's Bank Plc
S&P, Moody's, Fitch
Rating History Comparison
Comparison Summary
| Metric | Barclays Bank PLC | Sainsbury's Bank Plc | Difference |
|---|---|---|---|
| Credit Rating | A+ | AA- | Sainsbury's Bank 1 notch higher |
| Normalized Score | 82 | 83 | -1 points |
| Agencies | S&P, Moody's, Fitch | S&P, Moody's, Fitch | Same |
| Outlook | Stable | Stable | Same |
| Trend | NEW |
Different | |
| Investment Grade | Yes | Yes | Same |
Service record and deposit protection
| Measure | Barclays Bank | Sainsbury's 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) | 9.26 (2026 H1) | 1.11 (2025 H2) |
| Complaints upheld by the bank | 55% | 51% |
| Major operational or security incidents reported to the FCA, last 12 months | not collected | not collected |
| Banking licence (FCA reference) | 122702 | 184514 |
Barclays Bank and Sainsbury's 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 Sainsbury's Bank financially stronger?
Barclays Bank has a blended long-term credit rating of A+ and Sainsbury's Bank AA-, so Sainsbury's 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 Sainsbury's Bank share FSCS protection?
Barclays Bank and Sainsbury's 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 Sainsbury's Bank?
In the FCA's latest complaints figures, Barclays Bank received 9.26 banking complaints per 1,000 accounts and Sainsbury's Bank 1.11. A service score reflects customers' experience, not the bank's financial strength.
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