10 States Where Residents Have the Most Cash in the Bank

Where you live can play a major role in how much money you're able to save. From housing costs to wages and state taxes, local factors can either help — or hurt — your ability to build a financial cushion.

We analyzed data from SmartAsset to identify where Americans have accumulated the most liquid savings. Here are the 10 states with the highest median deposit account balances — combining both checking and savings accounts — revealing where residents are keeping the most cash on hand.

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1. Hawaii

• Median deposit account balance: $37,050

2. Massachusetts

• Median deposit account balance: $22,700

3. New Hampshire

• Median deposit account balance: $22,000

4. Maryland

• Median deposit account balance: $22,000

5. New Jersey

• Median deposit account balance: $18,100

6. Nebraska

• Median deposit account balance: $17,000

7. Washington

• Median deposit account balance: $16,500

8. Illinois

• Median deposit account balance: $16,000

9. Minnesota

• Median deposit account balance: $15,000

10. Connecticut

• Median deposit account balance: $15,00

This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice. 

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