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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 11 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 an advantage of a savings account at a bank or credit union?
  • A.The money is kept safe and earns interest
  • B.You can never take your money out
  • C.It pays you to spend money
2.Why might a child keep a little money in a piggy bank at home?
  • A.It earns the most interest
  • B.It is easy to reach for small purchases
  • C.The government insures it
3.Ava wants to save for college, eight years away. Which option fits best?
  • A.A piggy bank under her bed
  • B.Spending it now and hoping
  • C.A savings account or college savings plan that earns interest
4.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
5.Why are savings in most US banks safe even if the bank fails?
  • A.The FDIC insures deposits up to a limit
  • B.The money is kept in each customer's house
  • C.Banks never fail
6.Which is a disadvantage of keeping savings in a piggy bank?
  • A.The bank charges a fee to open it
  • B.It is too hard to reach
  • C.It earns no interest and can be lost or stolen
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.Why does a CD usually pay more interest than a regular savings account?
  • A.The bank can count on keeping the money for a set time
  • B.The government pays the extra interest
  • C.CDs are riskier than piggy banks

LessonPrint · D2.Eco.9.3-5 · Set 11 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 11. Prints on its own sheet.

  1. 1.The money is kept safe and earns interest
  2. 2.It is easy to reach for small purchases
  3. 3.A savings account or college savings plan that earns interest
  4. 4.A savings account you can take money out of at any time
  5. 5.The FDIC insures deposits up to a limit
  6. 6.It earns no interest and can be lost or stolen
  7. 7.You usually pay a penalty if you take the money out early
  8. 8.The bank can count on keeping the money for a set time

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