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The Best States to Bank In, And the Worst

NEW YORK (MainStreet) — Word of advice: if you live in Nevada, it just may be smarter to do your banking at the Harrison family's Gold & Silver Pawn Shop, or maybe at the nearest casino. That's because in a state by state ranking by MoneyRates.com of the best places to bank, Nevada comes in dead last.

Also See: Happiness Index -- Nevada Left in the Dust

That, explained Richard Barrington, senior financial analyst at MoneyRates, is a rating based upon four measurements: breadth of choice (how many banks compete for your business), stability (how many banks failed), quality of service (crunching numbers from a recent J. D. Power study) and competitive rates (how much do savings accounts and money market accounts pay).

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