BMO Alto Hikes Long-Term CD Rates

miked | May 10, 2024 | 59 posts since 2016

Still far from its 2023 highs, but at least they're getting close to 5%:

APYs as of 5/10/2024:

36 month Online CD: 4.60% (was 4.50%)

48 month Online CD: 4.70% (was 4.50%)

60 month Online CD: 4.80% (was 4.50%)

https://www.alto.bmo.com/en-us/high-yield-cd/

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Rickny | May 10, 2024 | 1,297 posts since 2017

Going the right direction

RichardW | May 10, 2024 | 821 posts since 2019

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."

betaguy | May 10, 2024 | 181 posts since 2022

"We reserve the right to permit withdrawals of principal only upon maturity."

That's some pretty confusing language.

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