I have a CD at Emigrant Direct maturing in early February. I planned to re-invest the money in a CD, but was worried that interest rates would drop again after the Fed meeting next week (note: this thought process was BEFORE Monday's emergency meeting and rate drop).

So, over the weekend I filled out the necessary forms online to open a new CD at Emigrant Direct with money from my Savings account close in value to the CD that will mature in February. I figured once the CD matures, I'd cash it out to replete my savings account. Over the weekend, Emigrant's CD rate was 4.55% APY.

My confirmation said the transaction would b e complete on 1/23. When I checked out Emigrant web page today (1/23), I saw they had dropped their CD rates to 3.5% APY. I fully expected this was the rate I would receive, but to my pleasure, I still got the 4.55% APY.

Yea! Every little bit helps!