Interest Rate Drop

In anticipation of yesterday’s interest rate drop I transferred $1,500 into a new a 6 month ING CD at 5.15%. I noticed today the 6 month CD rate is now 4.90% at ING. In retrospect I should have locked it in for 12 months instead of just 6. Regardless, it was a good move on my part. I just wish I had more money to lock in. I transferred a little less than half of my cash savings to the CD. The ING savings rate for regular savings accounts dropped from 4.5% to 4.3% overnight.