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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 4 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.A card used to borrow money
  • C.Savings left in a bank for a set time to earn more interest
2.Which option would you choose for money you may need next week?
  • A.A savings account you can take money out of at any time
  • B.A college savings plan
  • C.A five-year CD
3.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
4.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
5.Why does a CD usually pay more interest than a regular savings account?
  • A.CDs are riskier than piggy banks
  • B.The government pays the extra interest
  • C.The bank can count on keeping the money for a set time
6.Which is a disadvantage of keeping savings in a piggy bank?
  • A.It earns no interest and can be lost or stolen
  • B.It is too hard to reach
  • C.The bank charges a fee to open it
7.Which savings option is best for money you want to grow and will not need for years?
  • A.A CD or a savings account that earns interest
  • B.A piggy bank
  • C.A wallet
8.Why are savings in most US banks safe even if the bank fails?
  • A.The FDIC insures deposits up to a limit
  • B.The money is kept in each customer's house
  • C.Banks never fail

LessonPrint · D2.Eco.9.3-5 · Set 4 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 4. Prints on its own sheet.

  1. 1.Savings left in a bank for a set time to earn more interest
  2. 2.A savings account you can take money out of at any time
  3. 3.The money is kept safe and earns interest
  4. 4.It is easy to reach for small purchases
  5. 5.The bank can count on keeping the money for a set time
  6. 6.It earns no interest and can be lost or stolen
  7. 7.A CD or a savings account that earns interest
  8. 8.The FDIC insures deposits up to a limit

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