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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 9 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 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
2.Which option would you choose for money you may need next week?
  • A.A five-year CD
  • B.A savings account you can take money out of at any time
  • C.A college savings plan
3.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
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.Which is a disadvantage of keeping savings in a piggy bank?
  • A.It is too hard to reach
  • B.It earns no interest and can be lost or stolen
  • C.The bank charges a fee to open it
7.Which is one risk of keeping a lot of cash at home?
  • A.It grows faster than in a bank
  • B.It earns interest every month
  • C.It could be destroyed in a fire
8.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

LessonPrint · D2.Eco.9.3-5 · Set 9 · free to copy for classroom use

Answer key — Where to Keep Your Savings

Set 9. Prints on its own sheet.

  1. 1.The FDIC insures deposits up to a limit
  2. 2.A savings account you can take money out of at any time
  3. 3.A savings account or college savings plan that earns 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.It earns no interest and can be lost or stolen
  7. 7.It could be destroyed in a fire
  8. 8.It is easy to reach for small purchases

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