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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 23 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 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
2.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
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.Why might a child keep a little money in a piggy bank at home?
  • A.It is easy to reach for small purchases
  • B.The government insures it
  • C.It earns the most interest
5.Which savings option is best for money you want to grow and will not need for years?
  • A.A wallet
  • B.A CD or a savings account that earns interest
  • C.A piggy bank
6.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
7.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
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 23 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 23. Prints on its own sheet.

  1. 1.The money is kept safe and earns interest
  2. 2.A savings account you can take money out of at any time
  3. 3.The FDIC insures deposits up to a limit
  4. 4.It is easy to reach for small purchases
  5. 5.A CD or a savings account that earns interest
  6. 6.A bank-like institution owned by its members
  7. 7.A savings account or college savings plan that 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.