Bask Bank vs. BMO Alto
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | Bask BankInterest Savings Account Jan 7, 2026 | BMO AltoSavings Account Jan 7, 2026 |
|---|---|---|
| APY | 3.75% | 3.25% |
Est. Earnings | $5,000+$188 $10,000+$375 $25,000+$938 | $5,000+$163 $10,000+$325 $25,000+$813 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported | FDIC InsuredNo Minimums |
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.21% APY.
As of Bask Bank offers an APY of 3.75% for its Interest Savings Account, with a minimum balance of $0, compared to BMO Alto's 3.25% APY for its Savings Account, with a minimum balance of $0.
Bask Bank pays $50 more than BMO Alto on a $10,000 balance after one year. Bask Bank pays $375, while BMO Alto pays $325 - an APY advantage for Bask Bank.
Why Bask Bank?
- ✓Higher potential APY (3.75% vs 3.25%) on all balances
- ✓Higher rated iOS app (4.7 vs 0.0)
- ✓Higher rated Android app (4.6 vs 0.0)
- ✓Fast transfers via Zelle®
Why BMO Alto?
No distinct advantages found vs Bask Bank.
— Key Feature Differences —
Better Returns at $10,000
Bask BankBask Bank's Interest Savings Account earns more on smaller deposits (approx. $375 vs $325/yr).
Better Returns at $25,000
Bask BankBask Bank's Interest Savings Account pulls ahead with larger amounts (approx. $938 vs $813/yr).
Best for Simplicity
Bask BankBask Bank's Interest Savings Account offers 3.75% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Bask BankBask Bank offers an iOS app rated 4.7 (vs. 0.0) and Android app rated 4.6 (vs. 0.0)
Shared Benefits
Over a 1-year period, Bask Bank's Interest Savings Account pays $50 more interest on a $10,000 balance than BMO Alto's Savings Account.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary as of
Bask Bank offers a competitive Interest Savings Account with an APY of 3.75%, making it a strong choice for savers looking for higher returns without any direct deposit requirements or maintenance fees. The account is online-only, providing daily compounding on deposits with no minimum balance. In comparison, BMO Alto's Savings Account yields a lower APY of 3.25%. While both banks have no minimum deposit and maintenance fees, Bask Bank's higher APY positions it as the preferable option for maximizing savings.
The analysis is based on current Banksparency database records
* This content is provided for informational purposes only; always verify details with the provider.
Non-sponsored link to official site
Non-sponsored link to official site
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Bask Bank vs. BMO Alto Savings Calculator
You earn $50 more with Bask Bank than BMO Alto on a $10,000 initial deposit for 1 year*.
*This calculation assumes that APYs remain unchanged for 1 year, and takes into account known promo rate periods, but does not factor in bonuses. You can see how often these banks have changed their rates in the Compare Savings Rates Over Time section below.
Bask Bank
Interest Savings Account
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
BMO Alto
Savings Account
Savings Breakdown
- Interest Earned+$325.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,325.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | Bask Bank | BMO Alto |
|---|---|---|
| APY | 3.75% Verified: 1/7/2026 ↘︎ 0.30%90d Change | 3.25% Verified: 1/7/2026 Stable (90d) |
| Product Name | Interest Savings Account | Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | None |
| Account Type | Online Only | Online Only |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS4.7 Android4.6 | iOS- Android- |
| Zelle® Support | Available Available for Interest Checking; not for standalone savings. | Not Supported |
| BBB Rating | B | A+ |
| Next Steps | Visit SiteVerify at Bask Bank Non-sponsored link to official site | Visit SiteVerify at BMO Alto Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | Bask Bank | BMO Alto |
|---|---|---|
| Interest Savings Account | Savings Account | |
Current APY | 3.75% | 3.25% |
Trend | Stable | Stable |
Velocity (bps/mo) | -5.1 | -6.6 |
Days Since Change | 19 | 110 |
11-Month High | 4.50% | 4.10% |
11-Month Low | 3.75% | 3.25% |
Adjustments / Mo | 0.51 | 0.43 |
Volatility Score | 0.045 | 0.069 |
How to read these metrics(Click to expand)
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