EmigrantDirect's interest rate has been showing a steady increase as it continues to follow the lead of INGDirect which last raised their rate in mid-January. Both Emigrant and ING are listed as two of our Favorites in our Banking Center. The question on everyone's mind these days is whether interest rates are going to continue to rise or have they topped out now? Especially with a new Fed Chairman in office, Ben Bernanke, predicting the tea leaves is more difficult. ManagingMoney.com is hearing from our sources that rates are likely to continue to rise till around the third quarter, with Bernanke instituting probably two more Fed rate hikes based on a strong global economy. We would expect that to be about it. Bill Gross, a famous bond manager with Pimco, then expects rates to start to drop as the Fed reacts to their possibly current overly aggressive policy. Just last month we had an inverted yield curve which historically has been a decent predictor of recessions, a further indication that rates may start dropping later in the year as the economy cools. However, why not enjoy the high rates from Emigrant now while you can!