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Scottish Sun
23-05-2025
- Business
- Scottish Sun
Savings massacre as huge building society to make big change 92 accounts in DAYS
Read on to see if you account could be facing a interest cut NOT SO SAVVY Savings massacre as huge building society to make big change 92 accounts in DAYS Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A HUGE building society to make a big change to a number of accounts in DAYS. Skipton Building Society said that from June 9 a total of 92 types of savings accounts will have its interest lowered. Sign up for Scottish Sun newsletter Sign up 1 The building society has said it will lower rates on a number of its savings accounts Credit: Alamy The moves comes after rate-setters on the BoE's Monetary Policy Committee cut the base rate from 4.5% to 4.25%. This was the fourth interest rate cut since 2020. The base rate is used by lenders to determine the interest rates offered to customers on savings and borrowing costs. A base rate cut can mean that mortgage rates are lowered, which is good news for homeowners. But it can mean that savers lose out as the interest they earn on savings will drop As the base rate falls, some savings providers, including Skipton have chosen to lower the interest rates on some savings accounts. Some 89 savings accounts provided by the bank will have interest rates lowered. That includes it's Easy Access Saver account which will see the interest lowered from 3.05% AER to 2.80% from next month. AER, or Annual Equivalent Rate, is used to show you what you could earn from a savings account over a year. It's Retirement Saver will also see interest lowed from 2.80% to 2.55%. Skipton free ISA buns Meanwhile it's Children's Saver will be decreased 3.05% to 2.80% AET You can see the full list from below: Branch Cash ISA / Online Cash ISA (Issue 1-3): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Branch Cash ISA Plus (Issue 1): Rates are decreasing from 3.50% AER to 3.25% AER. Rates are decreasing from 3.50% AER to 3.25% AER. Branch Cash ISA Saver (Issue 1): Rates are decreasing from 2.85% AER (2.81% monthly) to 2.60% AER (2.57% monthly). Rates are decreasing from 2.85% AER (2.81% monthly) to 2.60% AER (2.57% monthly). Branch Cash ISA Saver (Issue 2): Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Branch Cash ISA Saver (Issue 3): Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Branch Cash ISA Saver (Issue 4): Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Branch Cash ISA Saver (Issue 5): Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Branch Cash ISA Saver (Issue 6): Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Branch Cash ISA Saver (Issue 24): Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Cash ISA Saver (Issue 1): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 2): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 3): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 4): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 5): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 6): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 7): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 8): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 9): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 10): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 11): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 12): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 13): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 14): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 15): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 16): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 17): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Cash ISA Saver (Issue 18): Rates are decreasing from 2.85% AER (2.81% monthly) to 2.60% AER (2.57% monthly). Rates are decreasing from 2.85% AER (2.81% monthly) to 2.60% AER (2.57% monthly). Cash ISA Saver (Issue 19): Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Cash ISA Saver (Issue 20): Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Cash ISA Saver (Issue 21): Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Cash ISA Saver (Issue 22): Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Cash ISA Saver (Issue 23): Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Cash ISA Saver (Issue 24): Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Rates are decreasing from 3.05% AER (3.01% monthly) to 2.80% AER (2.76% monthly). Cash Lifetime ISA (Issue 1): Rates are decreasing from 2.80% AER to 2.55% AER. Rates are decreasing from 2.80% AER to 2.55% AER. Cash Lifetime ISA (Issue 2): Rates are decreasing from 2.80% AER to 2.55% AER. Rates are decreasing from 2.80% AER to 2.55% AER. Cash Lifetime ISA (Issue 3): Rates are decreasing from 2.80% AER to 2.55% AER. Rates are decreasing from 2.80% AER to 2.55% AER. Cash Lifetime ISA (Issue 4): Rates are decreasing from 2.80% AER to 2.55% AER. Rates are decreasing from 2.80% AER to 2.55% AER. Cash Lifetime ISA (Issue 5): Rates are decreasing from 2.80% AER to 2.55% AER. Rates are decreasing from 2.80% AER to 2.55% AER. Cash Lifetime ISA (Issue 6): Rates are decreasing from 2.80% AER to 2.55% AER. Rates are decreasing from 2.80% AER to 2.55% AER. Cash Lifetime ISA (Issue 7): Rates are decreasing from 2.80% AER to 2.55% AER. Rates are decreasing from 2.80% AER to 2.55% AER. Cash Lifetime ISA (Issue 8): Rates are decreasing from 2.80% AER to 2.55% AER. Rates are decreasing from 2.80% AER to 2.55% AER. "Without Bonus" Rates: Rates are decreasing from 3.05% AER to 2.80% AER. Rates are decreasing from 3.05% AER to 2.80% AER. "With Bonus" Rates: Rates are decreasing from a range of 3.70%-4.75% AER to 3.45%-4.50% AER. Rates are decreasing from a range of 3.70%-4.75% AER to 3.45%-4.50% AER. 30 Day Notice Account (Issue 1): Rates are decreasing from 2.80% AER to 2.55% AER. Rates are decreasing from 2.80% AER to 2.55% AER. 60 Day Notice Account (Issue 1): Rates are decreasing from 3.35% AER to 3.10% AER. Rates are decreasing from 3.35% AER to 3.10% AER. 90 Day Notice Account (Issue 1-8): Rates are decreasing from 3.00% AER to 2.75% AER. Rates are decreasing from 3.00% AER to 2.75% AER. 120 Day Notice Account (Issue 1-15): Rates are decreasing from a range of 3.15%-3.35% AER to 2.90%-3.10% AER. Rates are decreasing from a range of 3.15%-3.35% AER to 2.90%-3.10% AER. Cash ISA (ex. Holmesdale) - 30 Day Notice (Issue 1): Rates are decreasing from 2.80% AER to 2.55% AER. Rates are decreasing from 2.80% AER to 2.55% AER. Cash ISA 90 (ex. Holmesdale) (Issue 1): Rates are decreasing from 2.95% AER to 2.70% AER. Rates are decreasing from 2.95% AER to 2.70% AER. Cash ISA 90 (ex. Holmesdale) (Issue 2): Rates are decreasing from 2.95% AER to 2.70% AER. Rates are decreasing from 2.95% AER to 2.70% AER. Charities Notice (ex. Holmesdale) - 60 Day Notice (Issue 1): Rates are decreasing from 2.90% AER to 2.65% AER. Rates are decreasing from 2.90% AER to 2.65% AER. Holmesdale 30 (ex. Holmesdale) (Issue 1): Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Rates are decreasing from 2.80% AER (2.76% monthly) to 2.55% AER (2.52% monthly). Holmesdale Business 60 (ex. Holmesdale) (Issue 1): Rates are decreasing from 2.90% AER to 2.65% AER. Rates are decreasing from 2.90% AER to 2.65% AER. Holmesdale Business 60 Share (ex. Holmesdale) (Issue 1): Rates are decreasing from 2.90% AER to 2.65% AER. Rates are decreasing from 2.90% AER to 2.65% AER. Holmesdale Business 90 (ex. Holmesdale) (Issue 1): Rates are decreasing from 3.00% AER to 2.75% AER. Rates are decreasing from 3.00% AER to 2.75% AER. Holmesdale Business 90 Share (ex. Holmesdale) (Issue 1): Rates are decreasing from 3.00% AER to 2.75% AER. Rates are decreasing from 3.00% AER to 2.75% AER. Save 35 (ex. Holmesdale) (Issue 1): Rates are decreasing from 2.80% AER to 2.55% AER. Rates are decreasing from 2.80% AER to 2.55% AER. Save 60 (ex. Holmesdale) (Issue 1): Rates are decreasing from 2.90% AER to 2.65% AER. Rates are decreasing from 2.90% AER to 2.65% AER. Quadruple Access Cash ISA Saver (Issue 1): Rates are decreasing from 4.35% AER to 4.10% AER. Rates are decreasing from 4.35% AER to 4.10% AER. Branch Quadruple Access Cash ISA Saver (Issue 1): Rates are decreasing from 4.35% AER to 4.10% AER. Rates are decreasing from 4.35% AER to 4.10% AER. Double Access Saver (Issue 1): Rates are decreasing from 3.50% AER to 3.25% AER. Rates are decreasing from 3.50% AER to 3.25% AER. Branch Double Access Saver (Issue 2): Rates are decreasing from 3.50% AER to 3.25% AER. Rates are decreasing from 3.50% AER to 3.25% AER. Branch Double Access Saver (Issue 3): Rates are decreasing from 3.50% AER to 3.25% AER. Rates are decreasing from 3.50% AER to 3.25% AER. Limited Access Saver (Issue 1): Rates are decreasing from 3.50% AER to 3.25% AER. Rates are decreasing from 3.50% AER to 3.25% AER. Limited Access Saver (Issue 2): Rates are decreasing from 3.50% AER to 3.25% AER. Rates are decreasing from 3.50% AER to 3.25% AER. Single Access Saver (Issue 1): Rates are decreasing from 4.15% AER to 3.90% AER. Rates are decreasing from 4.15% AER to 3.90% AER. Branch Single Access Saver (Issue 2): Rates are decreasing from 4.15% AER to 3.90% AER. Rates are decreasing from 4.15% AER to 3.90% AER. Branch Single Access Saver (Issue 3): Rates are decreasing from 4.15% AER to 3.90% AER. Rates are decreasing from 4.15% AER to 3.90% AER. Branch Single Access Saver (Issue 4): Rates are decreasing from 4.15% AER to 3.90% AER. Rates are decreasing from 4.15% AER to 3.90% AER. Branch Single Access Saver (Issue 5): Rates are decreasing from 4.15% AER to 3.90% AER. Rates are decreasing from 4.15% AER to 3.90% AER. Branch Single Access Saver (Issue 6): Rates are decreasing from 4.15% AER to 3.90% AER. Rates are decreasing from 4.15% AER to 3.90% AER. Branch Single Access Saver (Issue 7): Rates are decreasing from 4.15% AER to 3.90% AER. Rates are decreasing from 4.15% AER to 3.90% AER. Triple Access Saver (Issue 1): Rates are decreasing from 3.25% AER (3.20% monthly) to 3.00% AER (2.96% monthly). Rates are decreasing from 3.25% AER (3.20% monthly) to 3.00% AER (2.96% monthly). Branch Triple Access Saver (Issue 2): Rates are decreasing from 3.25% AER (3.20% monthly) to 3.00% AER (2.96% monthly). Rates are decreasing from 3.25% AER (3.20% monthly) to 3.00% AER (2.96% monthly). Branch Triple Access Saver (Issue 3): Rates are decreasing from 3.25% AER (3.20% monthly) to 3.00% AER (2.96% monthly). Rates are decreasing from 3.25% AER (3.20% monthly) to 3.00% AER (2.96% monthly). Branch Triple Access Saver (Issue 4): Rates are decreasing from 3.25% AER (3.20% monthly) to 3.00% AER (2.96% monthly). Rates are decreasing from 3.25% AER (3.20% monthly) to 3.00% AER (2.96% monthly). Branch Triple Access Saver (Issue 5): Rates are decreasing from 3.25% AER (3.20% monthly) to 3.00% AER (2.96% monthly). Rates are decreasing from 3.25% AER (3.20% monthly) to 3.00% AER (2.96% monthly). Branch Triple Access Saver (Issue 6): Rates are decreasing from 3.25% AER (3.20% monthly) to 3.00% AER (2.96% monthly). Rates are decreasing from 3.25% AER (3.20% monthly) to 3.00% AER (2.96% monthly). Branch Triple Access Saver (Issue 7): Rates are decreasing from 3.25% AER (3.20% monthly) to 3.00% AER (2.96% monthly). Rates are decreasing from 3.25% AER (3.20% monthly) to 3.00% AER (2.96% monthly). Online Triple Access Saver (Issue 1): Rates are decreasing from 3.25% AER (3.20% monthly) to 3.00% AER (2.96% monthly). Rates are decreasing from 3.25% AER (3.20% monthly) to 3.00% AER (2.96% monthly). Home Deposit Saver (Issue 1): Rates are decreasing from 4.56% AER to 4.31% AER. Rates are decreasing from 4.56% AER to 4.31% AER. Home Deposit Saver (Issue 2): Rates are decreasing from 4.56% AER to 4.31% AER. Rates are decreasing from 4.56% AER to 4.31% AER. Branch Home Deposit Saver (Issue 3): Rates are decreasing from 4.56% AER to 4.31% AER. Rates are decreasing from 4.56% AER to 4.31% AER. Branch Home Deposit Saver (Issue 4): Rates are decreasing from 4.56% AER to 4.31% AER. Rates are decreasing from 4.56% AER to 4.31% AER. Child Trust Fund: Rates are decreasing from 4.00% AER to 3.75% AER. Rates are decreasing from 4.00% AER to 3.75% AER. Junior Cash ISA: Rates are decreasing from 4.00% AER to 3.75% AER. Rates are decreasing from 4.00% AER to 3.75% AER. Junior Cash ISA (ex. Holmesdale): Rates are decreasing from 4.00% AER to 3.75% AER. Rates are decreasing from 4.00% AER to 3.75% AER. Children's Saver: Rates are decreasing from 3.05% AER to 2.80% AER. Rates are decreasing from 3.05% AER to 2.80% AER. Children's Trust Saver: Rates are decreasing from 3.05% AER to 2.80% AER. Rates are decreasing from 3.05% AER to 2.80% AER. Leap Account (Issue 1): Rates are decreasing from 2.80% AER to 2.55% AER. Rates are decreasing from 2.80% AER to 2.55% AER. Leap Account (Issue 3): Rates are decreasing from 3.05% AER to 2.80% AER. Rates are decreasing from 3.05% AER to 2.80% AER. Young Saver (ex. Holmesdale) (Issue 1): Rates are decreasing from 4.00% AER to 3.75% AER. If you are not happy with the change, it is always worth looking at other providers to see if you can get a better deal. Websites such as MoneyFacts share the best offers on the market for savings and other types of bank accounts. Sally Conway, Savings Expert at Shawbrook Bank said that while savers may feel the pinch, this "doesn't mean it's time to settle for less". "In fact, with rates lowering across the board, now more than ever it pays to look beyond the high street. Specialist providers often offer some of the best rates available yet remain one of the best kept secrets in savings." She added: "Now's the time to be proactive. Don't let your savings get left behind – explore your options and make sure your money's working harder, especially when inflation is still a concern.' OTHER BANKING CHANGES Skipton is not alone in it's decision to lower interest rates on some of its deals. Leeds Building Society said it will lower the interest on 58 of its saving accounts. That includes its Five Access Saver which will have its interest rates lowered from 3.77% AER to 3.55% come June 27. Elsewhere, Monzo said it would lower the intertest on its Personal Instant Access Savings Pots from from 3.50% AER to 3.25% AER. The bank said it would make the changes automatically on May 27 2025. Elsewhere, Barclays, Nationwide and Lloyds have all confirmed their customers on standard variable rate (SVR) and tracker mortgages will benefit due to the rate cut. Barclays confirmed all its mortgage products that track the base rate will decrease by 0.25%. Existing customers will see their rates change from June 1. Barclays' standard variable rate mortgage is 3.49% above the base rate. It currently stands at 7.99%, but following today's announcement it will drop to 7.74% on June 1. Nationwide customers will also see interest rate reductions of 0.25%. Those on standard variable rate mortgages will start getting their new rate on June 1. It will drop from 7.24% to 6.99%.Tracker mortgages will also reduce on June 1.
Daily Mirror
28-04-2025
- Business
- Daily Mirror
Martin Lewis issues Santander plea to anyone aged 25 and under
The Money Saving Expert shared a slick trick for young people to get a free four-year railcard worth £100 - and it's very easy to get hold of Martin Lewis took to social media to share an opportunity for anyone aged between 20 and 25 to get a free four-year railcard worth £100 through Santander, saving up to a third on most UK train fares — a limited-time promotion aiming to encourage young people to open savings accounts with them. To be eligible you must be aged between 20 and 25 on June 30, 2025 — even if you turn 25 on said date, you will still qualify for the full four years of the railcard. You also need to be a UK resident and must not have previously received a free railcard from Santander, such as through their student account offer. This deal is not restricted to new Santander customers, so existing or past customers can also take advantage of the offer, provided they meet the criteria. To get the freebie, you need to open a Santander savings account or cash ISA. You then need to pay in at least £50 by May 31, 2025, and keep a minimum balance of £50 until at least June 30, 2025. If you already have savings with Santander, you must open a new savings account and deposit £50 into it to qualify. You must also register for Santander online or mobile banking by May 31, 2025. Once the criteria has all been met, you will receive your unique railcard redemption code via your online banking messages by June 16, 2025. Customers must redeem their railcards using the code by June 30, 2025. You can choose either a digital or physical version of the 16 to 25 railcard, which gives holders a third off rail travel and normally costs £80 for a three years, or £35 for one year. In a video posted on X on April 22, 2025, Martin said: "You can do this as long as you're a UK resident and Santander hasn't given you the railcard freebie before, which it only would have done if you had the Santander student bank account. This isn't just for students though. This is for anyone aged 20 to 25." The founder recommended a number of options. If you are planning on opening a Santander account for the sole purpose of getting the railcard, he advised putting your £50 into its 1.2% Easy Access Saver. However, if you are actually planning to save with Santander, he said suggested Santander's one-year fixed cash ISA that pays 4.25% — but you'll need at least a £500 deposit to open this account. Martin also recommended the Edge Saver account, which pays 6% interest on up to £4,000. He added: "To get that, you need to open or have its 'Santander Edge' current account, which is a top bank account for those who pay bills. "You pay it £3 a month, it gives you 1% cashback on all bills you pay from it by Direct Debit up to £10 a month, and you also get cashback on your grocery or fuel or other transport spending in the UK, up to £10 a month. "Again, it's 1% of that spending. So it's a good cashback account, but is a bit more of a hassle if you actually wanted to open the bank account." Martin Lewis strongly encourages eligible young people to take advantage of this deal while it lasts, calling it a 'no-brainer' for those who plan to travel by train in the coming years.
Scotsman
23-04-2025
- Business
- Scotsman
Martin Lewis: Santander customers get a free 16-25 Railcard
Watch more of our videos on and on Freeview 262 or Freely 565 Visit Shots! now Beat rising fares with this clever savings trick and unlock serious discounts 🚆 Sign up to the weekly Cost Of Living newsletter. Saving tips, deals and money hacks. Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... A brilliant deal allows you to get a free four-year 16–25 Railcard worth £100 You only need to save £50 by depositing into a Santander savings account or cash ISA The offer is open to new and existing Santander customers – even if you've banked with them before But you must also register for online/mobile banking and keep savings until 30 June 2025 The Railcard code will arrive by 16 June 2025 and must be redeemed by the end of the month Money Saving Expert Martin Lewis has shared a clever way to get your hands on a completely free four-year Railcard – normally worth £100 – simply by putting aside £50 with Santander. The offer is available to UK residents aged 20 to 25 – specifically those who will be between these ages on Monday, 30 June, 2025. Advertisement Hide Ad Advertisement Hide Ad You're eligible whether you're a new or existing Santander customer – even past customers can apply, so long as you haven't already received a Railcard through another Santander offer, like its student bank account. (Photos: Getty Images) | Getty Images How to claim the free Railcard To get your free four-year 16–25 Railcard, follow these simple steps: Deposit at least £50 into a Santander savings account or cash ISA as soon as possible – demand may be high, and the offer could be pulled early. Keep the money there until 30 June 2025. Register for online or mobile banking by the end of May 2025 via Santander's website. Watch for your Railcard code, which will be sent via online/mobile banking message by Monday, 16 June, 2025. You'll need to redeem it through the Santander Railcard website by 30 June, 2025. Which Santander account should you choose? If you're only interested in nabbing the Railcard, open Santander's Easy Access Saver. It pays just 1.2% interest, which is low – but that's offset by the value of the Railcard. You can withdraw any time, so once the Railcard is yours, you can close the account. Advertisement Hide Ad Advertisement Hide Ad But if you want to actually grow your savings while taking advantage of the offer, Santander's 4.25% One-Year Fixed Cash ISA offers a solid return for a big bank, but you'll need to put in at least £500 to open it. Alternatively, the Edge Saver pays 6% interest on up to £4,000. To get this rate, you must also open Santander's Edge Current Account, which comes with a £30 Amazon voucher and is highly rated for handling household bills. What about students? If you're aged 18 or 19, the Santander Edge Student Bank Account gives you the same four-year Railcard – with no saving requirement at all. This is a cracking deal for anyone who travels by train – and with train fares rising, a Railcard can pay for itself (or in this case, earn you a profit) in just a couple of journeys. As Martin Lewis always says: 'If you're eligible, why wouldn't you?' Advertisement Hide Ad Advertisement Hide Ad More details and full terms can be found on Santander's website. Are you struggling to make ends meet as costs continue to rise? You can now send your stories to us online via YourWorld at It's free to use and, once checked, your story will appear on our website and, space allowing, in our newspapers.
Scotsman
23-04-2025
- Business
- Scotsman
Martin Lewis: Santander customers get a free 16-25 Railcard
Beat rising fares with this clever savings trick and unlock serious discounts 🚆 Sign up to the weekly Cost Of Living newsletter. Saving tips, deals and money hacks. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... A brilliant deal allows you to get a free four-year 16–25 Railcard worth £100 You only need to save £50 by depositing into a Santander savings account or cash ISA The offer is open to new and existing Santander customers – even if you've banked with them before But you must also register for online/mobile banking and keep savings until 30 June 2025 The Railcard code will arrive by 16 June 2025 and must be redeemed by the end of the month Money Saving Expert Martin Lewis has shared a clever way to get your hands on a completely free four-year Railcard – normally worth £100 – simply by putting aside £50 with Santander. The offer is available to UK residents aged 20 to 25 – specifically those who will be between these ages on Monday, 30 June, 2025. Advertisement Hide Ad Advertisement Hide Ad You're eligible whether you're a new or existing Santander customer – even past customers can apply, so long as you haven't already received a Railcard through another Santander offer, like its student bank account. (Photos: Getty Images) | Getty Images How to claim the free Railcard To get your free four-year 16–25 Railcard, follow these simple steps: Deposit at least £50 into a Santander savings account or cash ISA as soon as possible – demand may be high, and the offer could be pulled early. Keep the money there until 30 June 2025. Register for online or mobile banking by the end of May 2025 via Santander's website. Watch for your Railcard code, which will be sent via online/mobile banking message by Monday, 16 June, 2025. You'll need to redeem it through the Santander Railcard website by 30 June, 2025. Which Santander account should you choose? If you're only interested in nabbing the Railcard, open Santander's Easy Access Saver. It pays just 1.2% interest, which is low – but that's offset by the value of the Railcard. You can withdraw any time, so once the Railcard is yours, you can close the account. Advertisement Hide Ad Advertisement Hide Ad But if you want to actually grow your savings while taking advantage of the offer, Santander's 4.25% One-Year Fixed Cash ISA offers a solid return for a big bank, but you'll need to put in at least £500 to open it. Alternatively, the Edge Saver pays 6% interest on up to £4,000. To get this rate, you must also open Santander's Edge Current Account, which comes with a £30 Amazon voucher and is highly rated for handling household bills. What about students? If you're aged 18 or 19, the Santander Edge Student Bank Account gives you the same four-year Railcard – with no saving requirement at all. This is a cracking deal for anyone who travels by train – and with train fares rising, a Railcard can pay for itself (or in this case, earn you a profit) in just a couple of journeys. As Martin Lewis always says: 'If you're eligible, why wouldn't you?' Advertisement Hide Ad Advertisement Hide Ad More details and full terms can be found on Santander's website.
