BMO Savings Account Review 2024: Pros, Cons and Alternatives. Story by [email protected] (Alani Asis,Sophia Acevedo,Evelyn He) • 2w. Find a Qualified Financial Advisor.

The rates offered on BMO Standard CDs are quite paltry, earning anywhere from 0.05% to 2.00% APY, far below the national average. Investors can earn a higher yield on BMO’s CD Special terms ...

In our 2025 BMO Savings Account review, we analyze BMO savings rates and BMO Alto savings rates. We also look at fees and customer service options.

BMO Alto doesn’t limit the number of transfers and withdrawals, which isn’t something all banks allow. » Also check out BMO Review: Checking, Savings and CDs Methodology ...

If you want a free checking account, BMO could also be a better fit. Chase also offers sign-up bonuses on several accounts — you could earn up to $3,000. Chase Bank Review.

BMO Alto Online Savings Account. BMO Alto’s online-only presence allows it to cut costs and pass on savings to its customers with a generous 4.45% APY.

BMO's money market account has a rate of 0.55% APY on balances between $5,000 and $24,999. The rate increases with higher balances, but remains far lower than many high-yield savings accounts.

BMO Alto received a 4.2 out of 5 rating from our expert review team and stands out for its high-yield savings account, CDs and no fees. Last Updated: Jun 24, 2025 Principal Researcher Ashley Donohoe ...