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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 12 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 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
2.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
3.Why are savings in most US banks safe even if the bank fails?
  • A.The money is kept in each customer's house
  • B.The FDIC insures deposits up to a limit
  • C.Banks never fail
4.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
5.What is a certificate of deposit, or CD?
  • A.Savings left in a bank for a set time to earn more interest
  • B.A card used to borrow money
  • C.A coin collection
6.Which option would you choose for money you may need next week?
  • A.A five-year CD
  • B.A college savings plan
  • C.A savings account you can take money out of at any time
7.Which is an advantage of a savings account at a bank or credit union?
  • A.You can never take your money out
  • B.It pays you to spend money
  • C.The money is kept safe and earns interest
8.What is a credit union?
  • A.A store that sells credit cards
  • B.A bank-like institution owned by its members
  • C.A government office that prints money

LessonPrint · D2.Eco.9.3-5 · Set 12 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 12. Prints on its own sheet.

  1. 1.A CD or a savings account that earns interest
  2. 2.It could be destroyed in a fire
  3. 3.The FDIC insures deposits up to a limit
  4. 4.A savings account or college savings plan that earns interest
  5. 5.Savings left in a bank for a set time to earn more interest
  6. 6.A savings account you can take money out of at any time
  7. 7.The money is kept safe and earns interest
  8. 8.A bank-like institution owned by its members

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