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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 5 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.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
2.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
3.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
4.Ava wants to save for college, eight years away. Which option fits best?
  • A.A piggy bank under her bed
  • B.A savings account or college savings plan that earns interest
  • C.Spending it now and hoping
5.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
6.Which is an advantage of a savings account at a bank or credit union?
  • A.The money is kept safe and earns interest
  • B.You can never take your money out
  • C.It pays you to spend money
7.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
8.Why does a CD usually pay more interest than a regular savings account?
  • A.The bank can count on keeping the money for a set time
  • B.The government pays the extra interest
  • C.CDs are riskier than piggy banks

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

Answer key — Where to Keep Your Savings

Set 5. Prints on its own sheet.

  1. 1.It is easy to reach for small purchases
  2. 2.You usually pay a penalty if you take the money out early
  3. 3.A bank-like institution owned by its members
  4. 4.A savings account or college savings plan that earns interest
  5. 5.It earns no interest and can be lost or stolen
  6. 6.The money is kept safe and earns interest
  7. 7.It could be destroyed in a fire
  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.