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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 18 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 disadvantage of a CD?
  • A.You usually pay a penalty if you take the money out early
  • B.It pays no interest at all
  • C.It can only hold coins
2.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
3.What is a credit union?
  • A.A store that sells credit cards
  • B.A government office that prints money
  • C.A bank-like institution owned by its members
4.Which is an advantage of a savings account at a bank or credit union?
  • A.The money is kept safe and earns interest
  • B.It pays you to spend money
  • C.You can never take your money out
5.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
6.Why are savings in most US banks safe even if the bank fails?
  • A.Banks never fail
  • B.The money is kept in each customer's house
  • C.The FDIC insures deposits up to a limit
7.Why does a CD usually pay more interest than a regular savings account?
  • A.The bank can count on keeping the money for a set time
  • B.The government pays the extra interest
  • C.CDs are riskier than piggy banks
8.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

LessonPrint · D2.Eco.9.3-5 · Set 18 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 18. Prints on its own sheet.

  1. 1.You usually pay a penalty if you take the money out early
  2. 2.It could be destroyed in a fire
  3. 3.A bank-like institution owned by its members
  4. 4.The money is kept safe and earns interest
  5. 5.A savings account you can take money out of at any time
  6. 6.The FDIC insures deposits up to a limit
  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.