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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 3 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 could be destroyed in a fire
  • B.It earns interest every month
  • C.It grows faster than in a bank
2.Which option would you choose for money you may need next week?
  • A.A college savings plan
  • B.A savings account you can take money out of at any time
  • C.A five-year CD
3.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
4.What is a disadvantage of a CD?
  • A.It pays no interest at all
  • B.It can only hold coins
  • C.You usually pay a penalty if you take the money out early
5.Why does a CD usually pay more interest than a regular savings account?
  • A.CDs are riskier than piggy banks
  • B.The bank can count on keeping the money for a set time
  • C.The government pays the extra interest
6.Ava wants to save for college, eight years away. Which option fits best?
  • A.A savings account or college savings plan that earns interest
  • B.A piggy bank under her bed
  • C.Spending it now and hoping
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 credit union?
  • A.A bank-like institution owned by its members
  • B.A government office that prints money
  • C.A store that sells credit cards

LessonPrint · D2.Eco.9.3-5 · Set 3 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 3. Prints on its own sheet.

  1. 1.It could be destroyed in a fire
  2. 2.A savings account you can take money out of at any time
  3. 3.Savings left in a bank for a set time to earn more interest
  4. 4.You usually pay a penalty if you take the money out early
  5. 5.The bank can count on keeping the money for a set time
  6. 6.A savings account or college savings plan that earns interest
  7. 7.It earns no interest and can be lost or stolen
  8. 8.A bank-like institution owned by its members

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