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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 24 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.What is a certificate of deposit, or CD?
  • A.A coin collection
  • B.Savings left in a bank for a set time to earn more interest
  • C.A card used to borrow money
2.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
3.Which is one risk of keeping a lot of cash at home?
  • A.It earns interest every month
  • B.It could be destroyed in a fire
  • C.It grows faster than in a bank
4.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
5.Which savings option is best for money you want to grow and will not need for years?
  • A.A wallet
  • B.A piggy bank
  • C.A CD or a savings account that earns interest
6.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
7.What is a credit union?
  • A.A government office that prints money
  • B.A store that sells credit cards
  • C.A bank-like institution owned by its members
8.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

LessonPrint · D2.Eco.9.3-5 · Set 24 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 24. Prints on its own sheet.

  1. 1.Savings left in a bank for a set time to earn more interest
  2. 2.The money is kept safe and earns interest
  3. 3.It could be destroyed in a fire
  4. 4.The bank can count on keeping the money for a set time
  5. 5.A CD or a savings account that earns interest
  6. 6.The FDIC insures deposits up to a limit
  7. 7.A bank-like institution owned by its members
  8. 8.It is easy to reach for small purchases

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