Since the start of 2005, we have been witnessing rate increase in the saving account/money market account space every week. Just for this month, PFBlog has reported ING Direct's first raise to 2.60% on March 2, and EmigrantDirect's attack with 3.25% APY on March 13. The arena is more crowded with at least four banks offering 3.00% APY or more on saving account products: EmigrantDirect, Capital One, National Interbank INC and First Horizon.

If Fed, as expected, raises the Fed rate again later this week, will we consumers continue to see sweet surprises like this moving forward?

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