HSBC Bank plc vs Lloyds Bank plc
HSBC Bank has a blended long-term credit rating of AA- and Lloyds Bank AA-, the same grade. HSBC 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; HSBC Bank is not one of the brands surveyed. In the FCA's latest complaints figures, HSBC Bank received 0.29 banking complaints per 1,000 accounts and Lloyds Bank 3.16.
HSBC 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 | HSBC Bank plc | Lloyds Bank plc | Difference |
|---|---|---|---|
| Credit Rating | AA- | AA- | Same grade |
| Normalized Score | 83 | 83 | Equal |
| Agencies | S&P, Moody's, Fitch | S&P, Moody's, Fitch | Same |
| Outlook | Positive | N/A | Different |
| Trend | NEW |
Different | |
| Investment Grade | Yes | Yes | Same |
Service record and deposit protection
| Measure | HSBC 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) | 0.29 (2025 H1) | 3.16 (2026 H1) |
| Complaints upheld by the bank | 52% | 66% |
| Major operational or security incidents reported to the FCA, last 12 months | not collected | 21 (to Jun 2026) |
| Banking licence (FCA reference) | 114216 | 119278 |
HSBC 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 HSBC Bank or Lloyds Bank financially stronger?
HSBC Bank has a blended long-term credit rating of AA- and Lloyds Bank AA-, 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 HSBC Bank and Lloyds Bank share FSCS protection?
HSBC 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, HSBC 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; HSBC Bank is not one of the brands surveyed. In the FCA's latest complaints figures, HSBC Bank received 0.29 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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