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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 14 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.You can never take your money out
  • B.It pays you to spend money
  • C.The money is kept safe and earns interest
2.Which savings option is best for money you want to grow and will not need for years?
  • A.A wallet
  • B.A CD or a savings account that earns interest
  • C.A piggy bank
3.Which is a disadvantage of keeping savings in a piggy bank?
  • A.It earns no interest and can be lost or stolen
  • B.It is too hard to reach
  • C.The bank charges a fee to open it
4.What is a disadvantage of a CD?
  • A.It pays no interest at all
  • B.You usually pay a penalty if you take the money out early
  • C.It can only hold coins
5.Why might a child keep a little money in a piggy bank at home?
  • A.The government insures it
  • B.It is easy to reach for small purchases
  • C.It earns the most interest
6.Why are savings in most US banks safe even if the bank fails?
  • A.The money is kept in each customer's house
  • B.Banks never fail
  • C.The FDIC insures deposits up to a limit
7.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
8.Why does a CD usually pay more interest than a regular savings account?
  • A.CDs are riskier than piggy banks
  • B.The bank can count on keeping the money for a set time
  • C.The government pays the extra interest

LessonPrint · D2.Eco.9.3-5 · Set 14 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 14. Prints on its own sheet.

  1. 1.The money is kept safe and earns interest
  2. 2.A CD or a savings account that earns interest
  3. 3.It earns no interest and can be lost or stolen
  4. 4.You usually pay a penalty if you take the money out early
  5. 5.It is easy to reach for small purchases
  6. 6.The FDIC insures deposits up to a limit
  7. 7.Savings left in a bank for a set time to earn more interest
  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.