Best and Worst States for Banking 2014 – Full 50-State List

Here's are the full 50-state rankings for's 2014 Best and Worst States for Banking study.
Financial Expert
Managing Editor
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Didn’t see your state on the lists of Best States for Banking or Worst States for Banking? Here are all 50 U.S. states as ranked by their banking conditions.

These rankings were based on an analysis of the following factors in each state’s banking industry:

  1. Breadth of choice. According to the FDIC, these scores were based on the number of active banking institutions in each state.
  2. Stability. This was determined by the percentage of each state’s banks that failed in 2013.
  3. Quality of service. This ranking was based on the average “Power Circle Ratings” of banks available in each state, according to the 2014 J.D. Power U.S. Retail Banking Satisfaction Study.
  4. Competitive rates. Every quarter, MoneyRates conducts the America’s Best Rates survey to find the best savings account rates and money market rates in the country, and states were ranked according to the availability of the top 10 banks from this survey.

Here are the full state rankings, starting with the best — Missouri.

1. Missouri
2. Kansas
3. Nebraska
3. Massachusetts
5. California
5. Oklahoma
5. Pennsylvania
8. Iowa
9. New York
9. Arkansas
9. Maryland
12. Mississippi
13. West Virginia
14. Ohio
15. Virginia
16. Alabama
17. Louisiana
18. New Jersey
19. South Carolina
20. Maine
21. Colorado
22. Indiana
23. Vermont
24. Georgia
25. Texas
25. Oregon
27. Tennessee
28. Montana
29. Michigan
30. Illinois
31. North Dakota
32. Hawaii
33. Kentucky
33. Utah
33. New Hampshire
36. Delaware
37. South Dakota
38. North Carolina
38. Wyoming
40. New Mexico
41. Wisconsin
41. Florida
41. Idaho
44. Minnesota
44. Rhode Island
46. Alaska
47. Washington
48. Connecticut
49. Arizona
50. Nevada
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Moneyrates Team
Our reviews are unbiased and thorough, focusing on consumer needs. For details, see our Editorial Policy & Methodology.