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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 19 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 savings option is best for money you want to grow and will not need for years?
  • A.A piggy bank
  • B.A CD or a savings account that earns interest
  • C.A wallet
2.Which is a disadvantage of keeping savings in a piggy bank?
  • A.It is too hard to reach
  • B.The bank charges a fee to open it
  • C.It earns no interest and can be lost or stolen
3.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
4.What is a credit union?
  • A.A store that sells credit cards
  • B.A bank-like institution owned by its members
  • C.A government office that prints money
5.What is a certificate of deposit, or CD?
  • A.A card used to borrow money
  • B.Savings left in a bank for a set time to earn more interest
  • C.A coin collection
6.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
7.Which is an advantage of a savings account at a bank or credit union?
  • A.It pays you to spend money
  • B.You can never take your money out
  • C.The money is kept safe and earns interest
8.Which is one risk of keeping a lot of cash at home?
  • A.It could be destroyed in a fire
  • B.It earns interest every month
  • C.It grows faster than in a bank

LessonPrint · D2.Eco.9.3-5 · Set 19 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 19. Prints on its own sheet.

  1. 1.A CD or a savings account that earns interest
  2. 2.It earns no interest and can be lost or stolen
  3. 3.A savings account or college savings plan that earns interest
  4. 4.A bank-like institution owned by its members
  5. 5.Savings left in a bank for a set time to earn more interest
  6. 6.The bank can count on keeping the money for a set time
  7. 7.The money is kept safe and earns interest
  8. 8.It could be destroyed in a fire

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