Bmo Alto vs. Elevault
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of BMO Alto vs. Elevault
Key Metrics at a Glance
| Feature | BMO Alto | Elevault |
|---|---|---|
| Top Savings APY | 3.25% Savings Account | 4.08% High Yield Savings Account |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | The 4.08% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. |
BMO Alto
Strengths
- BMO Alto offers a competitive APY of 3.25%.
- No maintenance fees for the savings account.
- BMO Alto has an A+ BBB rating and is BBB Accredited.
Potential Drawbacks
- BMO Alto's APY has not changed in the last 30 days.
- No branches available for in-person banking.
- The savings account does not offer a direct deposit option.
Elevault
Strengths
- Elevault provides a higher APY of 4.08%, though it decreased from 4.34%.
- Elevault has a Google Play rating of 4.0.
- No maintenance fees for the high yield savings account.
Potential Drawbacks
- Elevault is not BBB Accredited despite an A+ BBB rating.
- The APY is capped at $250,000; balances above earn no interest.
- Elevault has a lower App Store rating of 3.7.
→ 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 Elevault's 4.08% APY for its High Yield Savings Account, with a minimum balance of $0.
→ Elevault yields $83 more than BMO Alto on a $10,000 balance after one year. BMO Alto pays $325, while Elevault pays $408 - an APY advantage for Elevault.
Calculate Savings Growth for BMO Alto vs Elevault
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 OverviewElevault - High Yield Savings Account
Total savings breakdown:
- Interest earned: $2,486.4 (12.14%)
- Total contributions: $13,000 (63.46%)
- Initial deposit: $5,000 (24.41%)
Your total balance
$20,486.40
Total balance: $20,486.4
Earnings: $2,486.4
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, BMO Alto's total earnings would be $530.9 lower than Elevault's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare BMO Alto's vs Elevault's Savings Accounts
| BMO Alto | Elevault | ||
|---|---|---|---|
| Product | Savings Account | vs | High Yield Savings Account |
| APY | 3.25% (as of 11/12/2025) | 4.08% (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 | |
| Note | The 4.08% APY is up to $250,000. Balances above that earn no interest. Daily deposit limit is $2,500. | ||
| App Store Rating | No | 3.7/5 | |
| Google Play Rating | No | 4.0/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 3 Months)
| BMO Alto | Elevault | ||
|---|---|---|---|
| Product | Savings Account | vs | High Yield Savings Account |
| Latest APY | 3.25 % | 4.08 % | |
| Trend | Falling | Falling | |
| Slope (bps/mo) | -10.8 | -15.7 | |
| Rate Changes / Mo | 0.30 | 0.61 | |
| Days Since Last Change | 55 | 9 | |
| High (-3 m) | 3.50 % | 4.60 % | |
| Low (-3 m) | 3.25 % | 4.08 % | |
| Draw-down from High | -7.1 % | -11.3 % | |
| Volatility (CV) | 0.037 | 0.040 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 3 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 (-3 m)
- Highest APY in the last 99 days.
- Low (-3 m)
- Lowest APY in the last 99 days.
- Draw-down from High
- How far today sits below the 3-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.