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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 2 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 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
2.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
3.What is a disadvantage of a CD?
  • A.You usually pay a penalty if you take the money out early
  • B.It can only hold coins
  • C.It pays no interest at all
4.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.CDs are riskier than piggy banks
  • C.The government pays the extra interest
5.Ava wants to save for college, eight years away. Which option fits best?
  • A.A piggy bank under her bed
  • B.Spending it now and hoping
  • C.A savings account or college savings plan that earns interest
6.Why might a child keep a little money in a piggy bank at home?
  • A.It earns the most interest
  • B.It is easy to reach for small purchases
  • C.The government insures it
7.Which is an advantage of a savings account at a bank or credit union?
  • A.The money is kept safe and earns interest
  • B.You can never take your money out
  • C.It pays you to spend money
8.Which is a disadvantage of keeping savings in a piggy bank?
  • A.The bank charges a fee to open it
  • B.It is too hard to reach
  • C.It earns no interest and can be lost or stolen

LessonPrint · D2.Eco.9.3-5 · Set 2 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 2. Prints on its own sheet.

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

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