Feds expected to raise the rate again
CBS MarketWatch says Federal Reserve is likely to raise the rate again, which will bring it to 4.50%, assuming the hike will be a traditional 0.25%. Looks like the banks are getting ready for another uptick, with ING Direct running a 4.75% promotional sale on new funds and Emigrant Direct raising their rate to 4.25% and trying to enforce loyalty with the new credit card offer.