Skip to content
LessonPrint

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

Next set

One paper per student

12345678910111213141516171819202122232425

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 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 five-year CD
  • C.A college savings plan
2.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.A piggy bank under her bed
  • C.Spending it now and hoping
3.Which is one risk of keeping a lot of cash at home?
  • A.It could be destroyed in a fire
  • B.It grows faster than in a bank
  • C.It earns interest every month
4.What is a disadvantage of a CD?
  • A.It pays no interest at all
  • B.It can only hold coins
  • C.You usually pay a penalty if you take the money out early
5.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
6.Which is an advantage of a savings account at a bank or credit union?
  • A.It pays you to spend money
  • B.The money is kept safe and earns interest
  • C.You can never take your money out
7.Why might a child keep a little money in a piggy bank at home?
  • A.It earns the most interest
  • B.The government insures it
  • C.It is easy to reach for small purchases
8.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

LessonPrint · D2.Eco.9.3-5 · Set 13 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 13. Prints on its own sheet.

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

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