Well, as of yesterday, my Emergency Fund is held at HSBC Direct.
As of today, HSBC's savings APR has dropped from 4.25% to 4.00%.
I'm trying to tell myself that 4.00% is still a good rate. It's 25 basis points above ING (who can't be far behind with a rate drop of their own), and my decision to move was based as much on HSBC's impressive access methods as on their rate, so I still think it was a good move.
I just wish the rate had stayed higher.
Maybe even for a whole week.