Bmo Alto vs. Cit Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of BMO Alto vs. CIT Bank
Key Metrics at a Glance
| Feature | BMO Alto | CIT Bank |
|---|---|---|
| Top Savings APY | 3.25% Savings Account | 3.85% Platinum Savings |
| Minimum to Open | $0 | $100 |
| Minimum Balance for Top APY | $0 | $5,000 |
BMO Alto
Strengths
- BMO Alto offers a $0 minimum deposit and balance requirement for its savings account.
- BMO Alto has an A+ BBB rating and is BBB Accredited.
Potential Drawbacks
- BMO Alto's APY is lower at 3.25% compared to CIT Bank's offerings.
- BMO Alto does not have a mobile app rating.
CIT Bank
Strengths
- CIT Bank's Platinum Savings account offers a higher APY of 3.85%.
- CIT Bank has strong app ratings: 4.8 on App Store and 4.3 on Google Play.
Potential Drawbacks
- CIT Bank requires a $100 minimum deposit and $5,000 minimum balance for its Platinum Savings account.
- CIT Bank is not BBB Accredited and has a lower A- BBB rating.
→ As of November 12, 2025 BMO Alto offers an APY of 3.25% for its Savings Account, with a minimum balance of $0, compared to CIT Bank's 3.85% APY for its Platinum Savings account, with a minimum balance of $5,000.
→ CIT Bank yields $60 more than BMO Alto on a $10,000 balance after one year. BMO Alto pays $325, while CIT Bank pays $385 - an APY advantage for CIT Bank.
→ In addition, CIT Bank also offers 3.75% APY for the Savings Connect account.
Calculate Savings Growth for BMO Alto vs CIT Bank
BMO 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 OverviewCIT Bank - Platinum Savings
Total savings breakdown:
- Interest earned: $2,338 (11.50%)
- Total contributions: $13,000 (63.92%)
- Initial deposit: $5,000 (24.58%)
Your total balance
$20,338.00
Total balance: $20,338
Earnings: $2,338
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, BMO Alto's total earnings would be $382.5 lower than CIT Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare BMO Alto's vs CIT Bank's Savings Accounts
| BMO Alto | CIT Bank | |||
|---|---|---|---|---|
| Product | Savings Account | vs | Platinum Savings | Savings Connect |
| APY | 3.25% (as of 11/12/2025) | 0.25% - 3.85% (as of 11/12/2025) | 3.75% (as of 11/12/2025) | |
| Bundled Account | No | No | No | |
| FDIC-insured | Yes | Yes | Yes | |
| Online Only | Yes | Yes | Yes | |
| Compound Frequency | Daily | Daily | Daily | |
| Minimum Deposit | $0 | $100 | $100 | |
| Minimum Balance for APY | $0 | $5,000 | $0 | |
| Maintenance Fee | $0 | $0 | $0 | |
| Direct Deposit Required | No | No | No | |
| App Store Rating | No | 4.8/5 | ||
| Google Play Rating | No | 4.3/5 | ||
| BBB Rating | A+ | A- | ||
Comparative Historical APY Insights (Last 10 Months)
| BMO Alto | CIT Bank | |||
|---|---|---|---|---|
| Product | Savings Account | vs | Savings Connect | Platinum Savings |
| Latest APY | 3.25 % | 3.75 % | 3.85 % | |
| Trend | Falling | Sideways | Sideways | |
| Slope (bps/mo) | -7.4 | -2.9 | -4.9 | |
| Rate Changes / Mo | 0.51 | 0.20 | 0.41 | |
| Days Since Last Change | 55 | 51 | 51 | |
| High (-10 m) | 4.10 % | 4.00 % | 4.35 % | |
| Low (-10 m) | 3.25 % | 3.75 % | 3.85 % | |
| Draw-down from High | -20.7 % | -6.3 % | -11.5 % | |
| Volatility (CV) | 0.065 | 0.024 | 0.037 | |
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.