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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 21 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.It is easy to reach for small purchases
  • C.The government insures it
2.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
3.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
4.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
5.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
6.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
7.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
8.What is a certificate of deposit, or CD?
  • A.Savings left in a bank for a set time to earn more interest
  • B.A card used to borrow money
  • C.A coin collection

LessonPrint · D2.Eco.9.3-5 · Set 21 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 21. Prints on its own sheet.

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

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