I think it's time to move your money out of the NC State Employees Credit Union bridge account for the remainder of the quarter. If you don't know what I'm talking about or want to know more about a risk-free investment that could earn you 3% per quarter, go back and read this post.
Here's my investment thesis. It's not very complicated. On April 1, 2011 the S&P 500 ended the day at 1332.41. Today it's trading around 1274.55. To get back to breakeven, the S&P 500 would need to move up 4.5% over the next 14 trading days, and given the economic situation currently, I don't think it's going to happen. I certainly don't think it's going to offer a return beyond this.
Thus, I'm recommending transferring the bulk of your funds out of the account until June 30. Just set a calendar reminder to move it back on July 1 (always nice to start from a small base!). You'll reap a small benefit for the rest of the quarter (21 days/ 365 days * 1.25% * $2,750 = $1.98). That's a rough estimate and may not be worth your time. However, if that price of a cup of coffee matters to you, you're much more likely to achieve that in the money market account than the bridge account this quarter.