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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 15 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.What is a credit union?
  • A.A bank-like institution owned by its members
  • B.A store that sells credit cards
  • C.A government office that prints money
2.Why are savings in most US banks safe even if the bank fails?
  • A.Banks never fail
  • B.The FDIC insures deposits up to a limit
  • C.The money is kept in each customer's house
3.Which option would you choose for money you may need next week?
  • A.A college savings plan
  • B.A savings account you can take money out of at any time
  • C.A five-year CD
4.What is a certificate of deposit, or CD?
  • A.Savings left in a bank for a set time to earn more interest
  • B.A coin collection
  • C.A card used to borrow money
5.Which savings option is best for money you want to grow and will not need for years?
  • A.A CD or a savings account that earns interest
  • B.A wallet
  • C.A piggy bank
6.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
7.Why does a CD usually pay more interest than a regular savings account?
  • A.CDs are riskier than piggy banks
  • B.The government pays the extra interest
  • C.The bank can count on keeping the money for a set time
8.Ava wants to save for college, eight years away. Which option fits best?
  • A.Spending it now and hoping
  • B.A savings account or college savings plan that earns interest
  • C.A piggy bank under her bed

LessonPrint · D2.Eco.9.3-5 · Set 15 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 15. Prints on its own sheet.

  1. 1.A bank-like institution owned by its members
  2. 2.The FDIC insures deposits up to a limit
  3. 3.A savings account you can take money out of at any time
  4. 4.Savings left in a bank for a set time to earn more interest
  5. 5.A CD or a savings account that earns interest
  6. 6.You usually pay a penalty if you take the money out early
  7. 7.The bank can count on keeping the money for a set time
  8. 8.A savings account or college savings plan that earns interest

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