BMO Alto review (2026): High-yield savings with no monthly fees or minimum deposit requirements

Summary: BMO Alto is the online-only banking division of BMO Bank N.A., part of the Bank of Montreal. Launched in 2023, BMO Alto focuses on providing high-yield savings accounts and certificates of deposit (CDs) with competitive interest rates and no monthly fees or minimum deposit requirements. BMO Alto product overview Online Savings Account BMO Alto offers a high-yield online savings account that earns 3.15% APY — more than eight times the national average savings account rate. This account does ...