I don't think it's a bad idea, it's just that rates were probably better a few years ago. I learned about CDs in high school and it's something I thought about doing in the past but for whatever reason didn't go ahead and open one and only now am I remembering about it. My only concern or regret is that the economy and rates have changed since I first learned about CDs so any returns won't be as good as say, 2003.

Does anyone have any thoughts? Should I open an account?

I am thinking of a one year CD with BoA (since that's my bank) but I've been told to shop around if I decide to go ahead and start an account and not just sign up with my bank.

I would take the money from my savings account (I have about 2,000 dollars) but I don't want to put all of it in the CD... I want to leave some in my savings...so, I'd probably do $500 or $1,000 (the latter?)

I would appreciate any advice or suggestions. Oh, and I checked bankrate.com for rates in my state here is what I found:

http://www.bankrate.com/brm/rate/dep_ratehome.asp?params=MA,14&product=1...

I appreciate any suggestions or advice. Thanks guys!
Peachykeen