Right now, I don't think anyone can judge when to take money out unless you're talking alot of money. Years ago when I was investing in CD's; I had to look at the amount of time of cashing in a CD and driving it to another bank and waste more time on the application and gas. Now, with online CD's, you don't have to do that which is great.
Also, you have float time with transfers that can cost you money in how long it takes to get to the other bank.
As for the emergency fund, the amount and time depends on many things. That is always different for people.
I wouldn't worry too much about the rates unless it gets so low that it isn't worth having it there. I like my money market account because it is in my same primary bank which makes it easy to transfer from account to account. I also have a mutual fund money market.
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