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
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.
-
HMRC warning after scammers target 170k taxpayers – how to stay protectedScammers are using increasingly sophisticated methods to trick people into sharing personal details or paying for fake self assessment tax refunds
-
Average homes in every English region are now liable for stamp duty – how much will you pay?As average house prices in every English region are now above the stamp duty threshold, we look at how much tax you will pay.
-
Santander launches best easy access savings rate in 14 yearsSantander launches market leading easy access savings rate, but you’ll have to act fast if you want to take advantage - we have all the details
-
Santander boosts interest rates and streamlines accounts amid Consumer Duty rules
Santander is raising its interest rates and giving savers more flexibility over how they manage their accounts. We explain what’s changing, and why
-
Santander launches new bank account – is it any good?News Santander’s new accounts gives you up to £20 cashback a month and 4% interest rate on savings.
-
Get paid to switch your current accountAdvice Santander and NatWest are offering bonuses if you switch to their current accounts, but make sure you choose the right service.
-
Don’t miss out on the best current accountsFeatures There’s no point sticking with a bank that offers a bad deal, says Ruth Jackson. Make sure you move when rates are cut.
-
The best cashback offersTips New debit card reward schemes from Lloyds and Halifax promise “up to 15% cashback”. What are the limitations - and could the offers still make it worth switching your current account?
-
High street price war slashes mortgage rates
Features We’re in the middle of a high-street mortgage war, with banks and building societies racing to cut rates. Tim Bennett explains why, and picks some of the best deals on offer now.
-
Lloyds wins banking's wooden spoon
Features Tim Bennett rounds up the week's personal finance news, inculding how Lloyds topped the list of customer complaints.
