Bmo Alto vs. Fitness Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of BMO Alto vs. Fitness Bank
Key Metrics at a Glance
| Feature | BMO Alto | Fitness Bank |
|---|---|---|
| Top Savings APY | 3.25% Savings Account | 4.75% Fitness Elite Checking & Fitness Savings Combo |
| Minimum to Open | $0 | $100 |
| Minimum Balance for Top APY | $0 | $100 |
| Note | This is a tiered account. To earn the highest tier you must make 15 debit card transactions per Account Period, maintain $5,000 avg. minimum balance in the Elite Checking account, track at least 10,000 avg. daily steps using the FitnessBank Step Tracker app, as well as maintain a savings balance of $100. Failure to do so will result in a lower APY. See bank for more details and all tiers. |
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.
- No maintenance fees are charged for BMO Alto's savings account.
Potential Drawbacks
- BMO Alto's APY is lower at 3.25% compared to Fitness Bank's offerings.
- BMO Alto has no branches, operating online only.
- BMO Alto does not provide a tiered APY structure.
Fitness Bank
Strengths
- Fitness Bank offers a higher APY of 4.75% for its Fitness Elite Checking & Savings Combo.
- Fitness Bank allows for a tiered savings account with varying APYs based on activity.
- Fitness Bank also has an A+ BBB rating.
Potential Drawbacks
- Fitness Bank has a low App Store rating of 1.7 and a Google Play rating of 0.0.
- Fitness Bank requires a $100 minimum deposit and balance for its accounts.
- Fitness Bank charges a $10 maintenance fee unless balance requirements are met.
Summary: BMO Alto provides a straightforward savings account with a 3.25% APY, no fees, and no minimum balance, but lacks branch access. In contrast, Fitness Bank offers higher APYs (4.75% and 4.45%) through tiered accounts, but imposes minimum balance and maintenance fees, as well as low app ratings. Both banks hold an A+ BBB rating, indicating strong trustworthiness.
→ 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 Fitness Bank's 4.75% APY for its Fitness Elite Checking & Fitness Savings Combo account, with a minimum balance of $100.
→ Fitness Bank yields $150 more than BMO Alto on a $10,000 balance after one year. BMO Alto pays $325, while Fitness Bank pays $475 - an APY advantage for Fitness Bank.
→ In addition, Fitness Bank also offers 4.45% APY for the Fitness Savings Account account.
Calculate Savings Growth for BMO Alto vs Fitness Bank
All calculations are based on APY.
BMO Alto - Savings Account
Top APY: 3.25%
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
Effective APY: 3.25% (based on your deposit and contributions)
Total balance: $19,955.5
Earnings: $1,955.5
Bank OverviewFitness Bank - Fitness Elite Checking & Fitness Savings Combo
Top APY: 4.75%
Total savings breakdown:
- Interest earned: $2,924.7 (13.98%)
- Total contributions: $13,000 (62.13%)
- Initial deposit: $5,000 (23.90%)
Your total balance
$20,924.70
Effective APY: 4.75% (based on your deposit and contributions)
Total balance: $20,924.7
Earnings: $2,924.7
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, BMO Alto's total earnings would be $969.2 lower than Fitness 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 Fitness Bank's Savings Accounts
| BMO Alto | Fitness Bank | |||
|---|---|---|---|---|
| Product | Savings Account | vs | Fitness Savings Account | Fitness Elite Checking & Fitness Savings Combo |
| APY | 3.25% (as of 11/12/2025) | 4.45% (as of 11/12/2025) | 4.75% (as of 11/12/2025) | |
| Bundled Account | No | No | Yes | |
| 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 | $100 | $100 | |
| Maintenance Fee | $0 | $10. Waived for average daily balances > $100 | $10. Waived for average daily balances > $100 | |
| Direct Deposit Required | No | No | No | |
| Note | This is a tiered account. To earn the highest tier you must track at least 12,500 avg. daily steps using the FitnessBank Step Tracker app as well as maintain a balance of $100. Failure to do so will result in a lower APY. See bank for more details and all tiers. | This is a tiered account. To earn the highest tier you must make 15 debit card transactions per Account Period, maintain $5,000 avg. minimum balance in the Elite Checking account, track at least 10,000 avg. daily steps using the FitnessBank Step Tracker app, as well as maintain a savings balance of $100. Failure to do so will result in a lower APY. See bank for more details and all tiers. | ||
| App Store Rating | No | 1.7/5 | ||
| BBB Rating | A+ | A+ | ||
Comparative Historical APY Insights (Last 8 Months)
| BMO Alto | Fitness Bank | |||
|---|---|---|---|---|
| Product | Savings Account | vs | Fitness Elite Checking & Fitness Savings Combo | Fitness Savings Account |
| Latest APY | 3.25 % | 4.75 % | 4.45 % | |
| Trend | Falling | Sideways | Sideways | |
| Slope (bps/mo) | -5.9 | -4.2 | -1.7 | |
| Rate Changes / Mo | 0.37 | 0.25 | 0.25 | |
| Days Since Last Change | 55 | 71 | 71 | |
| High (-8 m) | 3.70 % | 5.00 % | 4.55 % | |
| Low (-8 m) | 3.25 % | 4.75 % | 4.45 % | |
| Draw-down from High | -12.2 % | -5.0 % | -2.2 % | |
| Volatility (CV) | 0.044 | 0.023 | 0.010 | |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 8 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 (-8 m)
- Highest APY in the last 242 days.
- Low (-8 m)
- Lowest APY in the last 242 days.
- Draw-down from High
- How far today sits below the 8-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.