Money-saving guru Martin Lewis has revealed a smart hack for individuals aged 20 to 25 to secure a complimentary four-year railcard valued at £100. This generous offer can be availed by opening any savings account or cash ISA with Santander, providing a fantastic opportunity for young adults to save on their rail travel expenses.
To take advantage of this freebie, interested individuals need to deposit a minimum of £50 into their Santander account by May 31, 2025, maintain at least £50 in the account until June 30, 2025, and set up online banking with Santander before the end of May. Meeting these criteria will enable customers to receive a digital code via online or mobile banking message, which they must then use to claim their complimentary railcard.
The exclusive railcard typically offers a third off on train travel and is normally priced at £80 for a three-year card or £35 annually. What’s great about this offer is that it is open to both new and existing Santander customers, regardless of whether they have previously held accounts with the bank, making it an enticing opportunity for many.
Martin Lewis shared this money-saving tip in a recent social media video, emphasising that the offer is not limited to students but is available to anyone between the ages of 20 and 25. He also recommended specific Santander accounts that could facilitate obtaining the railcard, such as the 1.2% easy-access saver and the one-year fixed cash ISA offering an impressive 4.25% interest rate.
Additionally, Santander’s Edge Saver account was highlighted by Lewis for its attractive 6% interest on balances up to £4,000, providing customers with another avenue to benefit from this promotion. To access this high-interest rate, individuals would need to open or already have the ‘Santander Edge’ current account, which offers cashback incentives for bill payments and other spending.
Saket Jasoria, the Head of Savings at Santander UK, expressed enthusiasm about this promotion, particularly as it coincides with the upcoming Easter and Spring Bank Holidays. Jasoria mentioned that the railcard offer aims to support customers in maximising their savings and enjoying holidays and trips with friends and family, aligning with Santander’s commitment to assisting individuals in saving for the long term.
Overall, this innovative promotion by Santander, in collaboration with Martin Lewis, presents an excellent opportunity for young adults to save money on their rail travel expenses while also benefiting from attractive interest rates on savings accounts. By taking advantage of this offer, individuals can not only enjoy discounted train fares but also kickstart their savings journey with a reputable financial institution like Santander.