Bask Bank vs. Bmo Alto
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of Bask Bank vs. BMO Alto
Key Metrics at a Glance
| Feature | Bask Bank | BMO Alto |
|---|---|---|
| Top Savings APY | 3.90% Interest Savings Account | 3.25% Savings Account |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
Bask Bank
Strengths
- Bask Bank offers a higher APY of 3.90% compared to BMO Alto's 3.25%.
- Bask Bank has an App Store rating of 4.7, indicating strong user satisfaction.
- There are no maintenance fees for the Interest Savings Account.
Potential Drawbacks
- Bask Bank's APY decreased from 4.05% in the last 30 days.
- Bask Bank has a BBB rating of B and is not BBB Accredited.
- Bask Bank has no physical branches available.
BMO Alto
Strengths
- BMO Alto has a BBB rating of A+ and is BBB Accredited.
- BMO Alto's Savings Account has no maintenance fees.
- BMO Alto's APY remained stable at 3.25% over the last 30 days.
Potential Drawbacks
- BMO Alto offers a lower APY of 3.25% than Bask Bank's 3.90%.
- BMO Alto has an App Store rating of 4.5, lower than Bask Bank's.
- BMO Alto has no physical branches available.
→ As of November 12, 2025 Bask Bank offers an APY of 3.90% 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 yields $65 more than BMO Alto on a $10,000 balance after one year. Bask Bank pays $390, while BMO Alto pays $325 - an APY advantage for Bask Bank.
Calculate Savings Growth for Bask Bank vs BMO Alto
Bask Bank - Interest Savings Account
Total savings breakdown:
- Interest earned: $2,370.2 (11.64%)
- Total contributions: $13,000 (63.82%)
- Initial deposit: $5,000 (24.55%)
Your total balance
$20,370.20
Total balance: $20,370.2
Earnings: $2,370.2
Bank OverviewBMO Alto - Savings Account
Total savings breakdown:
- Interest earned: $1,955.5 (9.80%)
- Total contributions: $13,000 (65.14%)
- Initial deposit: $5,000 (25.06%)
Your total balance
$19,955.50
Total balance: $19,955.5
Earnings: $1,955.5
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, Bask Bank's total earnings would be $414.7 higher than BMO Alto's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare Bask Bank's vs BMO Alto's Savings Accounts
| Bask Bank | BMO Alto | ||
|---|---|---|---|
| Product | Interest Savings Account | vs | Savings Account |
| APY | 3.90% (as of 11/12/2025) | 3.25% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| App Store Rating | 4.7/5 | No | |
| Google Play Rating | 4.5/5 | No | |
| BBB Rating | B | A+ |
Comparative Historical APY Insights (Last 10 Months)
| Bask Bank | BMO Alto | ||
|---|---|---|---|
| Product | Interest Savings Account | vs | Savings Account |
| Latest APY | 3.90 % | 3.25 % | |
| Trend | Sideways | Falling | |
| Slope (bps/mo) | -4.0 | -7.4 | |
| Rate Changes / Mo | 0.51 | 0.51 | |
| Days Since Last Change | 6 | 55 | |
| High (-10 m) | 4.50 % | 4.10 % | |
| Low (-10 m) | 3.90 % | 3.25 % | |
| Draw-down from High | -13.3 % | -20.7 % | |
| Volatility (CV) | 0.030 | 0.065 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-10 m)
- Highest APY in the last 295 days.
- Low (-10 m)
- Lowest APY in the last 295 days.
- Draw-down from High
- How far today sits below the 10-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.