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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 22 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 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
2.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
3.What is a disadvantage of a CD?
  • A.It pays no interest at all
  • B.You usually pay a penalty if you take the money out early
  • C.It can only hold coins
4.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
5.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
6.Why might a child keep a little money in a piggy bank at home?
  • A.It is easy to reach for small purchases
  • B.It earns the most interest
  • C.The government insures it
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.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

LessonPrint · D2.Eco.9.3-5 · Set 22 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 22. Prints on its own sheet.

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

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