Santander is giving some savings customers a four-year railcard freebie.
The offer is open to new and existing customers who are aged between 20 and 25.
While the railcard won’t benefit savers who are over 25, those with children that age who are looking for a new savings account may want to share the news about the incentive.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The railcard will provide a third off train travel across England, Scotland, Wales. The discount also applies on the London Underground when the card is linked to an Oyster card.
Saket Jasoria, head of savings at Santander UK, said: “With the Easter and Spring Bank Holidays on the horizon, many people will be saving up for a quick getaway – whether that’s a weekend trip to see friends and family, or just making the most of the opportunity to explore somewhere new.
“We’re delighted to be able to help them make the most of the upcoming holidays, as well as supporting them to save even more over the years ahead, with both the railcard and through our range of savings products.”
Who is eligible for Santander’s four-year railcard offer?
Santander’s offer is open to new and existing savings customers who are 20 to 25 years old.
To be eligible, they will need to:
- Pay at least £50 into a new Santander savings account or cash ISA before 31 May.
- Maintain a minimum balance of £50 in the account until at least 30 June 2025.
- Set up online or mobile banking by 31 May 2025.
They can open an account either online or in a branch.
The average 16-25 Railcard user saves £192 a year with the card, according to the provider, which means a potential average saving of £768 over the four-year period.
-
Klarna postpones US IPO as Trump's tariffs rattle marketsBuy-now-pay-later lender Klarna has postponed its US initial public offering owing to the market turbulence. It is not alone, says Matthew Partridge
-
Why stagflation now seems like America's "optimistic scenario"Investors have gone into tariff shock, and stagflation could now be the optimistic scenario for the US economy.
