New rates for the US money market will start rolling in the middle of the month and could start at $2,500 a share, according to Bloomberg.
The announcement comes amid a flurry of activity on Wall Street, with major indexes rising or falling over the last several days.
The Dow Jones Industrial Average rose more than 7 percent on Friday to end the week at 19,058.
The S&P 500 rose 6.3 percent to 1,743.05.
The S&P 500 is up about 9 percent this year.
The latest data came after several traders warned the Federal Reserve would likely raise rates in the near future.
The Fed announced it would increase interest rates for a second time in less than two months on Wednesday.
Treasury Secretary Steven Mnuchin said in a speech on Thursday that the Fed would continue to maintain its “active monetary policy stance.”
“The central bank continues to act as if monetary policy remains neutral, so we will remain open to the possibility of raising rates in coming months,” Mnuchin wrote.
“However, we remain mindful of the risks of inflation and the potential for inflationary pressures to rise.”
The Fed’s monthly policy meeting is scheduled for Feb. 20.
The market is expected to be very volatile as investors await the Fed’s next monetary action.