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BMO Alto Online Savings Account

About BMO High-Yield Savings

The BMO Alto Online Savings Account from BMO is one of the top-rated High-Yield Savings options evaluated on MoneyCompared, earning an overall product score of 8.9/10. Digital-only high-yield savings account backed by BMO Bank N.A. with $0 minimum deposit, unlimited transfers, and no monthly fees.

Key highlights include 4.20% APY, a fee structure of $0 Monthly Maintenance Fee, and Backed by North America's 8th Largest Bank. Accounts are backed by FDIC Insured up to $250,000 and supported by BMO's 4.7 / 5.0-rated digital banking experience.

Features

Annual Fee	$0 Monthly Maintenance Fee
Regular APR / Rate	4.20% APY
Intro Offer / Welcome Bonus	Backed by North America's 8th Largest Bank
Savings APY / AER	4.20% APY on All Balances + Unlimited Electronic Transfers
Minimum Deposit	$0 Minimum Balance
Foreign Transaction Fee	N/A (Savings Account)
Deposit Insurance	FDIC Insured up to $250,000
Mobile App Rating	4.7 / 5.0
Overall Rating	8.9 / 10

About Product

Annual / Monthly Fee: $0 Monthly Maintenance Fee
APR / APY Rate: 4.20% APY
Intro Offer / Bonus: Backed by North America's 8th Largest Bank
Key Benefits: 4.20% APY on All Balances + Unlimited Electronic Transfers
Minimum Requirement: $0 Minimum Balance
Foreign Transaction Fee: N/A (Savings Account)
Protection: FDIC Insured up to $250,000

Pros

Rate / APR / APY: 4.20% APY
Fee Structure: $0 Monthly Maintenance Fee
Welcome Offer / Benefit: Backed by North America's 8th Largest Bank
Rewards & Highlights: 4.20% APY on All Balances + Unlimited Electronic Transfers

Cons