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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 8 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 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
2.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
3.Which option would you choose for money you may need next week?
  • A.A five-year CD
  • B.A college savings plan
  • C.A savings account you can take money out of at any time
4.Which is one risk of keeping a lot of cash at home?
  • A.It grows faster than in a bank
  • B.It could be destroyed in a fire
  • C.It earns interest every month
5.Why might a child keep a little money in a piggy bank at home?
  • A.It earns the most interest
  • B.The government insures it
  • C.It is easy to reach for small purchases
6.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
7.Which is an advantage of a savings account at a bank or credit union?
  • A.You can never take your money out
  • B.It pays you to spend money
  • C.The money is kept safe and earns interest
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 8 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 8. Prints on its own sheet.

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