How would you manage your CD account?

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Many people might rather learn to save money than spend them impulsively ever since the recession hit hard in our economy. Saving is a virtue, and we learn our lesson well. We should continue to do so. Now, those banks might offer better saving account better than a year ago, with higher interest rate available on CD account if you speculate that you won't need certain amount of money within a period of time, like 2 or 3 years. Some people might advise this 5 tier plan on CD account in case you might need some fund in the near future that you won't expect. If you have some money can put away, separate them accordingly, 1/5 in 1 year, 1/5 in 2 year, 1/5 in 3 year, 1/5 in 4 year, another 1/5 in 5 year. You might still have some fund available within a short time but earn good interest from it. What do you think?