If you are in need of a better bank, America's heartland might be the best place to keep your money tucked away. Three Midwestern states are among the best places to bank in the United States in 2013, according to a ranking by MoneyRates.com.
The report evaluated banks on the breadth of choice they offer customers, the stability of their banks, the quality of service, and how competitive their interest rates are on savings and money-market accounts. The information was compiled by Richard Barrington, senior financial analyst for MoneyRates.com.
Here are the five best and worst states to bank in. If your home state is on top, rejoice. If not, don't worry, says Barrington.
"Always remember that banking is a very fragmented industry, which means that there are lots of choices," Barrington said in a statement accompanying the report. "Nowadays, online banking is making choice even more widely available. So, if there is anything you don't like about your bank, shop around. There are always others out there."
And if you don't see your home state here, check out the full list.
Posted 21 May 2014