Current news for Costco members
To learn more about the complete suite of Costco services,
click on the “Services” link at costco.com or call 1-800-220-6000.
P ractical T ips
Quick Start your
SHAREBUILDER ONLINE Investing has
launched a new Quick Start tool to help
Costco members commit to saving and
investing. Whether you are looking to diversify your current financial plan or simply
need help getting started with a stock
investment account, Quick Start will help
provide the direction.
Answering an online series of interactive
questions will generate a recommended personal investment plan, including suggested
types of accounts to open and what to invest
in—stocks or money market funds.
The first question identifies your savings
goal. Retirement, education and home purchase are included as responses. The direction of the survey is tailored to your goal.
Other questions address how easy you
find saving, the dollar amount of monthly
savings comfortable for you and how experienced an investor you are.
To learn more about ShareBuilder or to
generate your personal investment plan, go
to costco.com and enter “SB Quickstart” in
the search box.
or auto loans?
ShareBuilder Securities is a registered broker-dealer and
member FINRA/SIPC and a subsidiary of ING Bank, fsb. ShareBuilder is not affiliated with Costco.
by takingadvantageof betterratesortermson
your home mortgage or auto loan, you can
find good value through Costco Services.
articles that guide you to evaluate the total
impact of refinancing, which should always
include considering taxes and insurance.
For more information, go to costco.com
and enter “Lending Tree” in the search box.
Mortgage trade-off: term vs. rate
When refinancing a home mortgage,
make sure you look at all parameters affected
by the new loan.
There is often an emphasis on
how long it takes to recapture
the cost of the new mortgage.
The old payment amount
less the new payment
amount gives you the
amount to divide into the
closing costs to determine
the number of months until
you break even.
But that simple calculation
doesn’t take into consideration
any change in the length of the loan,
which could have you paying over a longer
term. Likewise, picking a shorter term and
higher monthly payments to pay off the
mortgage faster would not be gauged by the
LendingTree offers Costco members a
Web site with helpful calculators and reference
Know your auto loan rate?
In today’s market, it’s almost as common
for auto loans to be refinanced as home
Many car buyers make
through the dealership where
they purchased a car—a
choice of convenience but
not likely the best interest
An auto refinance loan
can deliver better interest
rates and lower monthly payments. The process involves a new
lender paying off the old loan and the
title being transferred to the new lender. Your
payments then go to the new lender.
Costco members will find very competitive rates through Capital One auto finance.
To learn how much you might be able to save,
go to costco.com and enter “auto loan” in the
search box, or call toll-free 1-888-317-6121.
APRIL IS WHEN Visa and MasterCard typically increase the interchange fee that credit-card processors pay to submit card
transactions back to the issuing banks.
“With Costco’s credit-card-processing
provider, NOVA, there are no hidden charges
lumped in with the fee increase,” says Jay
Smith, Costco service director, referring to a
frequent practice in the industry. “You can
be confident that NOVA adjusts for only the
increase of the interchange fee.”
For more information or to sign up for
credit-card processing, go to costco.com and
enter “NOVA” in the search box, or call toll-free 1-888-605-2488 and refer to priority code
to use your