ING Direct Savings Interest Down 0.1%

Those ING Direct people are very sneaky! We do not get notification alerts via email, sms, or mail. They do not announce to us that the interest rate is decreasing by another 0.1%. No, they just do it. It may only be a fraction of a percentage, but it is still a decline in my online savings account. I remember a few years ago when i first signed up for my ING Direct account and the interest rate was at least 3.25%! Now it is down to 1.391% and I am left here to wonder if there any better options out there?

It is not really a huge deal for me to move my money out of this account because I only have a little over $7,000 of principle picking up interest. It would not make a huge difference for me to switch it to something a few points higher. In the long run of a year it would not come out to a big difference. The funny aspect about all of this is I was surprised that I accumulated that much into my savings account. I have an automatic transfer set up with my checking account to aid me in saving more money, so I make a point to not look at my savings account often. This way, I am a little more surprised about the principle when I see it increase.

On the other side, I fail to realize that the interest accruing on the amount has decreased over the last few months.

Any suggestions to some other financial engines I could possibly throw this cash in?