BMO Alto vs. Elevault
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | BMO AltoSavings Account Jan 7, 2026 | ElevaultHigh Yield Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 3.25% | 3.82% |
Est. Earnings | $5,000+$163 $10,000+$325 $25,000+$813 | $5,000+$191 $10,000+$382 $25,000+$955 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | The 3.82% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Features | FDIC InsuredNo Minimums | 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 BMO Alto offers an APY of 3.25% for its Savings Account, with a minimum balance of $0, compared to Elevault's 3.82% APY for its High Yield Savings Account, with a minimum balance of $0.
Elevault pays $57 more than BMO Alto on a $10,000 balance after one year. BMO Alto pays $325, while Elevault pays $382 - an APY advantage for Elevault.
Why BMO Alto?
- ✓No checking account or direct deposit required
Why Elevault?
- ✓Higher potential APY (3.82% vs 3.25%) on all balances
— Key Feature Differences —
Better Returns at $10,000
ElevaultElevault's High Yield Savings Account earns more on smaller deposits (approx. $382 vs $325/yr).
Better Returns at $25,000
ElevaultElevault's High Yield Savings Account pulls ahead with larger amounts (approx. $955 vs $813/yr).
Best for Simplicity
BMO AltoBMO Alto's Savings Account offers 3.25% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, Elevault's High Yield Savings Account pays $57 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
Elevault offers a High Yield Savings Account with a competitive APY of 3.82%, making it the winner compared to BMO Alto's Savings Account, which provides a 3.25% APY. Both accounts have no minimum deposit or maintenance fees and are online-only, catering to those looking for straightforward savings options. However, Elevault's account has an interest cap, where balances above $250,000 earn no interest, and a daily deposit limit of $2,500. For those looking for simplicity without caps, BMO Alto's account remains a viable alternative.
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
Top Market Contenders
BMO Alto vs. Elevault Savings Calculator
You earn $57 more with Elevault 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.
BMO Alto
Savings Account
Savings Breakdown
- Interest Earned+$325.00(3.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,325.00
Elevault
High Yield Savings Account
3.82% on first $250,000 and 0.00% thereafter.
Savings Breakdown
- Interest Earned+$382.00(3.7%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,382.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | BMO Alto | Elevault |
|---|---|---|
| APY | 3.25% Verified: 1/7/2026 Stable (90d) | 3.82% Verified: 1/7/2026 ↘︎ 0.52%90d Change |
| Product Name | Savings Account | High Yield 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 | iOS- Android- | iOS3.7 Android3.9 |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A |
| Important Notes | - | The 3.82% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
| Next Steps | Visit SiteVerify at BMO Alto Non-sponsored link to official site | Visit SiteVerify at Elevault Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | BMO Alto | Elevault |
|---|---|---|
| Savings Account | High Yield Savings Account | |
Current APY | 3.25% | 3.82% |
Trend | Stable | Stable |
Velocity (bps/mo) | -5.6 | -17.7 |
Days Since Change | 110 | 22 |
5-Month High | 3.50% | 4.60% |
5-Month Low | 3.25% | 3.82% |
Adjustments / Mo | 0.19 | 0.58 |
Volatility Score | 0.032 | 0.064 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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