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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 16 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.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
2.Ava wants to save for college, eight years away. Which option fits best?
  • A.Spending it now and hoping
  • B.A piggy bank under her bed
  • C.A savings account or college savings plan that earns interest
3.Why does a CD usually pay more interest than a regular savings account?
  • A.The government pays the extra interest
  • B.CDs are riskier than piggy banks
  • C.The bank can count on keeping the money for a set time
4.Which is a disadvantage of keeping savings in a piggy bank?
  • A.The bank charges a fee to open it
  • B.It earns no interest and can be lost or stolen
  • C.It is too hard to reach
5.Which is an advantage of a savings account at a bank or credit union?
  • A.You can never take your money out
  • B.The money is kept safe and earns interest
  • C.It pays you to spend money
6.Which is one risk of keeping a lot of cash at home?
  • A.It earns interest every month
  • B.It grows faster than in a bank
  • C.It could be destroyed in a fire
7.Which option would you choose for money you may need next week?
  • A.A college savings plan
  • B.A five-year CD
  • C.A savings account you can take money out of at any time
8.What is a credit union?
  • A.A bank-like institution owned by its members
  • B.A government office that prints money
  • C.A store that sells credit cards

LessonPrint · D2.Eco.9.3-5 · Set 16 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 16. Prints on its own sheet.

  1. 1.It is easy to reach for small purchases
  2. 2.A savings account or college savings plan that earns interest
  3. 3.The bank can count on keeping the money for a set time
  4. 4.It earns no interest and can be lost or stolen
  5. 5.The money is kept safe and earns interest
  6. 6.It could be destroyed in a fire
  7. 7.A savings account you can take money out of at any time
  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.