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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 25 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 a disadvantage of keeping savings in a piggy bank?
  • A.It is too hard to reach
  • B.It earns no interest and can be lost or stolen
  • C.The bank charges a fee to open it
2.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
3.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
4.What is a certificate of deposit, or CD?
  • A.A card used to borrow money
  • B.Savings left in a bank for a set time to earn more interest
  • C.A coin collection
5.What is a credit union?
  • A.A government office that prints money
  • B.A bank-like institution owned by its members
  • C.A store that sells credit cards
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.What is a disadvantage of a CD?
  • A.You usually pay a penalty if you take the money out early
  • B.It pays no interest at all
  • C.It can only hold coins
8.Which option would you choose for money you may need next week?
  • A.A five-year CD
  • B.A savings account you can take money out of at any time
  • C.A college savings plan

LessonPrint · D2.Eco.9.3-5 · Set 25 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 25. Prints on its own sheet.

  1. 1.It earns no interest and can be lost or stolen
  2. 2.The FDIC insures deposits up to a limit
  3. 3.A CD or a savings account that earns interest
  4. 4.Savings left in a bank for a set time to earn more interest
  5. 5.A bank-like institution owned by its members
  6. 6.It is easy to reach for small purchases
  7. 7.You usually pay a penalty if you take the money out early
  8. 8.A savings account you can take money out of at any time

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