BMO Alto

Deposits held and insured by BMO

Overview / Commentary
855-266-8100
111 West Monroe Street
Chicago, IL 60603
Deposits held and insured by BMO

Related Posts

BMO Alto Rates as of 3-6-2024 - 3/6/2024

BMO Alto rates (APY) as of 3-6-2024 include: Online Savings @ 5.10% (no change) 6-month CD @ 5.25% (was 5.50%) 12-month CD @ 5.15% (no change) 24-month CD @ 4.75% (no change) 36-month CD @ 4.60% (no change) 48-month CD @ 4.60% (no change) 60-month CD @ 4.60% (no change) For more information regarding BMO Alto products see: https://alto.bmo.com/en-us/high-yield-cd/ https://alto.bmo.com/en-us/high-yield-online-savings/ Be aware that BMO Alto’s disclosure statement (https://alto.bmo.com/pdf/online-cd-deposit-account-disclosure.pdf) contains the following wording regarding certificates of deposit: "We reserve the right to permit withdrawals of principal only upon maturity. If we permit you to make an early withdrawal of principal before maturity, you will pay an early withdrawal penalty."

BMO Alto Rates as of 2-20-2024 - 2/20/2024

BMO Alto rates (APY) as of 2-20-2024 include: Online Savings @ 5.10% 6-month CD @ 5.50% (no change) 12-month CD @ 5.15% (was 5.30%) 24-month CD @ 4.75% (no change) 36-month CD @ 4.60% (no change) 48-month CD @ 4.60% (no change) 60-month CD @ 4.60% (no change) For more information regarding BMO Alto products see: https://alto.bmo.com/en-us/high-yield-cd/ https://alto.bmo.com/en-us/high-yield-online-savings/ Be aware that BMO Alto’s disclosure statement ( https://alto.bmo.com/pdf/online-cd-deposit-account-disclosure.pdf ) contains the following wording regarding certificates of deposit: "We reserve the right to permit withdrawals of principal only upon maturity. If we permit you to make an early withdrawal of principal before maturity, you will pay an early withdrawal penalty."

BMO Five Year CD Drops To 4.9% - 12/5/2023

5.25 is no more. Their current best rate remains the 12 month at 5.65% yield.

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Reviews (140)

5.05% CD Opening

Posted by: |

I had a great experience with BMO Alto's CDs. They offer excellent rates, and opening an account was a breeze. I simply called their 855 number, and everything was sorted out smoothly. Highly recommended!

BEEN WITH THEM FOR 1 YR AND I HAVE BEEN PAID OUT

I understand alot of the bad reviews, but i have had such a good time with BMO ALTO, i have got paid out from a CD i opened last year and my savings account is going strong. Would strongly recommend.

I'm Really Stoked With This Account

I've been very happy with Alto so far, after using their services for nearly a year. Their CD rate was really competitive among all the other banks that I checked; the new saving account has an amazing 5.1% rate and the direct deposit came in 5 days earlier!

Horrific Acc Hacked Money Frozen No Help

I opened an online saving accounts because the interest rate was so high. Huge mistake. I put in $60K, two weeks later, I received an email that my account was locked and frozen because fraud was detected. Then 3 more emails that someone tried to wire $10K out of my account, three times. I called the customer service 1-855-266-8100 and they offered no help, directed me to call their Fraud Dept. 1-877-472-4347. I called over a hundred times at different times of the day and week. No one from the Fraud Dept. answers the phone, left two voicemails, and now the voicemail box is full and not accepting voicemails. It has been over 2 weeks, and nothing has been resolved. My account is still completely locked out. The customer service can't even close my account. Do not do it. Not worth it.

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Health
A+

Data as of Q4 2023

Data displayed below is for insuring bank: BMO
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #16571
Year Established1947
Employees18941
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.17%
Return on Equity - YTD1.41%
Annual Interest Income$12.8B
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$265.7B$177B
LoansQ4 2023vs Q4 2022$146.1B$99.99B
DepositsQ4 2023vs Q4 2022$206.6B$142B
Equity CapitalQ4 2023vs Q4 2022$32.99B$18.54B
Loan Loss AllowanceQ4 2023vs Q4 2022$2.24B$847MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$1.41B$442.2MM
Real Estate OwnedQ4 2023vs Q4 2022$8.7MM$5MM
Rates
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BMO Alto Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.10%--Online Savings Account

BMO Alto CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.15%--6 Month Online CD
5.05%--12 Month Online CD
4.65%--24 Month Online CD
4.50%--36 Month Online CD
4.50%--48 Month Online CD
4.50%--60 Month Online CD
Locations

BMO Alto is an Internet only bank and does not have branch locations. Its headquarters is located at 111 West Monroe Street - Chicago, IL 60603

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.