Folk Judaism certainly does have siants, tzaddikim, whose merits(sechuiot) can accrue and be of benefit for living Jews. This is one case. David's tomb is another, and the cave of Eliyahu Hanavi on Mt. Carmel and Rachel's Tomb and the Machpelah. We don't use the term "saint", no, but Tzaddik.
Motorcyclist in his 20s dies after crashing near Gedera (Haaretz)
from the article: This year in Uman: Hasids don 'veils' en route to Rabbi Nachman's tomb