Both banks market themselves as primarily online banks. Transactions are intended to be either done online, by phone, or by mail. Countrywide, however, also has financial centers in many states including Arizona, California, Florida, Texas and Colorado.
The only problem is that neither seem to offer ACH transfer features like ING Direct. Deposits require paper checks based on what is and is not stated at Advanta's FAQs and Countrywide's FAQs.
The below rates are APY. Both money market accounts have different rates based on deposit size (If you have over $2.5 million at Countrywide, you'll only get 1.5% which isn't a problem for me :-)
Countrywide Bank Money Market, CDs ($10K min):
- Money Market - 3.45% ($1K to $50K)
- 12-month CD - 4.31%
- 18-month CD - 4.39%
- 24-month CD - 4.45%
Advanta Bank Corp. Money Market, CDs ($2.5K/$10K min):
- Money Market - 3.66% ($10K to $50K)
- 12-month CD - 4.30%
- 18-month CD - 4.35%
- 24-month CD - 4.40%