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 1 of 25 · the same problems every time you open this link.
1.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
2.What is a credit union?
A.A store that sells credit cards
B.A government office that prints money
C.A bank-like institution owned by its members
3.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
4.Which is a disadvantage of keeping savings in a piggy bank?
A.It earns no interest and can be lost or stolen
B.The bank charges a fee to open it
C.It is too hard to reach
5.Why are savings in most US banks safe even if the bank fails?
A.Banks never fail
B.The FDIC insures deposits up to a limit
C.The money is kept in each customer's house
6.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
7.What is a disadvantage of a CD?
A.It pays no interest at all
B.You usually pay a penalty if you take the money out early
C.It can only hold coins
8.What is a certificate of deposit, or CD?
A.A coin collection
B.Savings left in a bank for a set time to earn more interest
C.A card used to borrow money
LessonPrint · D2.Eco.9.3-5 · Set 1 · free to copy for classroom use
Answer key — Where to Keep Your Savings
Set 1. Prints on its own sheet.
1.A CD or a savings account that earns interest
2.A bank-like institution owned by its members
3.A savings account or college savings plan that earns interest
4.It earns no interest and can be lost or stolen
5.The FDIC insures deposits up to a limit
6.It is easy to reach for small purchases
7.You usually pay a penalty if you take the money out early
8.Savings left in a bank for a set time to earn more interest
Questions about Where to Keep Your Savings
What does the Where to Keep Your Savings worksheet cover?
It practices the advantages and disadvantages of savings options — 8 questions for Grade 3 to Grade 5, all on C3 Framework D2.Eco.9.3-5: Describe what financial institutions other than banks do. The instruction to students is “Choose the best answer”, and the answer key follows on the next sheet.
Which C3 Framework indicator does Where to Keep Your Savings practice?
D2.Eco.9.3-5, under Economics for Grade 3 to Grade 5. The published indicator reads: “Describe the role of other financial institutions in an economy.” The worksheet assesses that indicator rather than a paraphrase of it.
What age or grade is this worksheet for?
Where to Keep Your Savings is written for Grade 3 to Grade 5, typically ages 40-41. It is one of the sheets on D2.Eco.9.3-5, so it suits any student working at that standard — including older students revisiting it and younger ones working ahead.
Does Where to Keep Your Savings come with an answer key?
Yes. All 8 answers are generated from the same problems as the questions, so the key cannot drift out of step with the sheet. It starts on a fresh sheet of paper, after the questions, so it is not handed out with the class by accident.
How many different versions of Where to Keep Your Savings can I print?
25 — one per student, and all 25 ask different questions. Set 1 downloads the whole class as a single PDF. Every version is fixed to its own address, so a sheet printed today holds the same problems when you reopen it next week.
Is Where to Keep Your Savings free to print and photocopy?
Yes. Where to Keep Your Savings, its answer key and its 25 versions are free to print and photocopy for your own class, with no account, no email capture and no subscription at the download step. Please do not resell them or republish them as your own.
More practice for D2.Eco.9.3-5
Describe what financial institutions other than banks do.