Skip that, go to vanguard.com, open an account, pick an indexed mutual fund, and INVEST.
Stock market is a bit high lately, I would go with the one that is 60% stock, 40% bonds, I think it is VBINX but I would have to go do research on it.
Or, do what I did with a bonus. I was unemployed for 11 months, then I get this bonus after like 6 months at work. I say to myself, I got to put this money some place I can never get it. Everybody except my mother and wife was talking about home equity loans. I mentioned the topic to my wife and she said no way in heck. So it occurred to me, if my wife won't co sign on an equity loan, all I need to do is pay down the mortgage and it is GUARANTEED I cannot touch it, and, at the time, was 7.125% interest rate.
You might ask why didn't we refinance. The answer is, we did, from 9.25 to 7.125. I went to the same broker a third time and he recommended that I just pay down the mortgage, he explained that with the balance so low ($50k), and he doesn't work for free, and he has to pay fees and all, that he has to jack up the rate to make it worth his while, and I would get mad when I heard the rate, so ..., just pay it down.