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Where to Keep Your Savings is a free printable Grade 3 to Grade 5 social studies worksheet on the advantages and disadvantages of savings options, aligned to C3 Framework indicator D2.Eco.9.3-5. It prints 8 questions with an answer key on its own sheet of paper, in 25 versions that each ask different questions, so no two students in the class work from the same page. Print it from the browser or download it as a PDF — no account, no email.

Set 10 of 25 · the same problems every time you open this link.

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Set 1 has all 25 in a single PDF. All 25 sets ask different questions.

Where to Keep Your Savings

D2.Eco.9.3-5

NameDate

Choose the best answer.

1.Which is a disadvantage of keeping savings in a piggy bank?
  • A.It is too hard to reach
  • B.The bank charges a fee to open it
  • C.It earns no interest and can be lost or stolen
2.Which savings option is best for money you want to grow and will not need for years?
  • A.A piggy bank
  • B.A CD or a savings account that earns interest
  • C.A wallet
3.Ava wants to save for college, eight years away. Which option fits best?
  • A.A savings account or college savings plan that earns interest
  • B.Spending it now and hoping
  • C.A piggy bank under her bed
4.Which is one risk of keeping a lot of cash at home?
  • A.It could be destroyed in a fire
  • B.It earns interest every month
  • C.It grows faster than in a bank
5.Which is an advantage of a savings account at a bank or credit union?
  • A.It pays you to spend money
  • B.You can never take your money out
  • C.The money is kept safe and earns interest
6.Which option would you choose for money you may need next week?
  • A.A savings account you can take money out of at any time
  • B.A college savings plan
  • C.A five-year CD
7.What is a disadvantage of a CD?
  • A.You usually pay a penalty if you take the money out early
  • B.It pays no interest at all
  • C.It can only hold coins
8.What is a certificate of deposit, or CD?
  • A.A coin collection
  • B.Savings left in a bank for a set time to earn more interest
  • C.A card used to borrow money

LessonPrint · D2.Eco.9.3-5 · Set 10 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 10. Prints on its own sheet.

  1. 1.It earns no interest and can be lost or stolen
  2. 2.A CD or a savings account that earns interest
  3. 3.A savings account or college savings plan that earns interest
  4. 4.It could be destroyed in a fire
  5. 5.The money is kept safe and earns interest
  6. 6.A savings account you can take money out of at any time
  7. 7.You usually pay a penalty if you take the money out early
  8. 8.Savings left in a bank for a set time to earn more interest

Last reviewed 2026-09-05. Aligned to D2.Eco.9.3-5 of the C3 Framework for Social Studies State Standards.