BMO Alto vs. EverBank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | BMO AltoSavings Account Jan 7, 2026 | EverBankPerformance Savings Jan 7, 2026 |
|---|---|---|
| APY | 3.25% | 3.90% |
Est. Earnings | $5,000+$163 $10,000+$325 $25,000+$813 | $5,000+$195 $10,000+$390 $25,000+$975 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo Minimums | FDIC InsuredNo MinimumsGreat iOS AppGreat Android AppZelle® Supported |
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 EverBank's 3.90% APY for its Performance Savings account, with a minimum balance of $0.
EverBank pays $65 more than BMO Alto on a $10,000 balance after one year. BMO Alto pays $325, while EverBank pays $390 - an APY advantage for EverBank.
Why BMO Alto?
No distinct advantages found vs EverBank.
Why EverBank?
- ✓Higher potential APY (3.90% vs 3.25%) on all balances
- ✓Physical branch access (11 locations in Florida and California)
- ✓Higher rated iOS app (4.6 vs 0.0)
- ✓Higher rated Android app (4.8 vs 0.0)
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
EverBankEverBank's Performance Savings earns more on smaller deposits (approx. $390 vs $325/yr).
Better Returns at $25,000
EverBankEverBank's Performance Savings pulls ahead with larger amounts (approx. $975 vs $813/yr).
Best for Simplicity
EverBankEverBank's Performance Savings offers 3.90% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
EverBankEverBank offers an iOS app rated 4.6 (vs. 0.0) and Android app rated 4.8 (vs. 0.0)
Shared Benefits
Over a 1-year period, EverBank's Performance Savings pays $65 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
BMO Alto offers a competitive Savings Account with an APY of 3.25%, featuring no minimum deposit or balance requirements and no maintenance fees. However, EverBank's Performance Savings outshines with a higher APY of 3.90%, also requiring no minimum deposit or balance, and no maintenance fees. Both accounts are online-only and do not require direct deposit. EverBank's product is noted for better returns at various deposit levels and is praised for its mobile app experience. Therefore, EverBank is the winner based on the provided data.
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. EverBank Savings Calculator
You earn $65 more with EverBank 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
EverBank
Performance Savings
Savings Breakdown
- Interest Earned+$390.00(3.8%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,390.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | BMO Alto | EverBank |
|---|---|---|
| APY | 3.25% Verified: 1/7/2026 Stable (90d) | 3.90% Verified: 1/7/2026 ↘︎ 0.15%90d Change |
| Product Name | Savings Account | Performance Savings |
| 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- | iOS4.6 Android4.8 |
| Zelle® Support | Not Supported | Available Native integration verified. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at BMO Alto Non-sponsored link to official site | Visit SiteVerify at EverBank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | BMO Alto | EverBank |
|---|---|---|
| Savings Account | Performance Savings | |
Current APY | 3.25% | 3.90% |
Trend | Stable | Stable |
Velocity (bps/mo) | -6.6 | -3.4 |
Days Since Change | 110 | 19 |
11-Month High | 4.10% | 4.30% |
11-Month Low | 3.25% | 3.90% |
Adjustments / Mo | 0.43 | 0.17 |
Volatility Score | 0.070 | 0.033 |
How to read these metrics(Click to expand)
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