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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 6 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.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
3.Why are savings in most US banks safe even if the bank fails?
  • A.The money is kept in each customer's house
  • B.Banks never fail
  • C.The FDIC insures deposits up to a limit
4.Which is one risk of keeping a lot of cash at home?
  • A.It could be destroyed in a fire
  • B.It grows faster than in a bank
  • C.It earns interest every month
5.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
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.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 wallet
  • C.A piggy bank
8.Ava wants to save for college, eight years away. Which option fits best?
  • A.A piggy bank under her bed
  • B.Spending it now and hoping
  • C.A savings account or college savings plan that earns interest

LessonPrint · D2.Eco.9.3-5 · Set 6 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 6. Prints on its own sheet.

  1. 1.Savings left in a bank for a set time to earn more interest
  2. 2.The bank can count on keeping the money for a set time
  3. 3.The FDIC insures deposits up to a limit
  4. 4.It could be destroyed in a fire
  5. 5.You usually pay a penalty if you take the money out early
  6. 6.It is easy to reach for small purchases
  7. 7.A CD or a savings account that earns interest
  8. 8.A savings account or college savings plan that earns interest

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