Bluebonnet,
Welcome to the board. Good call on the "recommended" fund--you can guess where the money from that load fee is going, and why the folks at the bank are pushing it. Nobody should be paying a load anymore.
You don't need to do anything in a rush, take your time. You can let the money in the CD renew if you want, then just pull it out in a few weeks when you decide where you want to invest--all you'll lose is a few weeks of the very, very pitiful interest the bank is paying on their CDs.
The first step is to do some reading and to decide on an asset allocation. There are good here on how to do that, and also some good book recommendations. That's what I'd recommend, and you'll probably end up with 3-5 low-cost, no-load index funds. It's not very difficult, and will repay you for the rest of your life.
If you'd prefer not to do this research and planning, then I'd recommend that you put your money in one of the Vanguard Target Date retirement funds. No load, very low expenses, and a wide variety of investments that are automatically re-balanced for you. They aren't fancy and it's not the absolute most tax efficient way to invest, but you'll be doing better than 80% of investors and (if history is any guide) there's a good chance the investments will perform better than CDs, especially over the 10 year period you'll have before you need the money.
Here's a link to the Vanguard Target Date funds. Pick the one with the asset allocation that is most appropriate for you.
