BMO Alto vs. FNBO Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | BMO AltoSavings Account Jan 7, 2026 | FNBO DirectHigh-Yield Online Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 3.25% | 3.00% |
Est. Earnings | $5,000+$163 $10,000+$325 $25,000+$813 | $5,000+$150 $10,000+$300 $25,000+$750 |
Min Deposit | $0 | $1 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo Minimums | FDIC InsuredLow 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.
Comparison Analysis
Comparing BMO Alto vs. FNBO Direct
As of BMO Alto offers an APY of 3.25% for its Savings Account, with a minimum balance of $0, compared to FNBO Direct's 3.00% APY for its High-Yield Online Savings Account, with a minimum balance of $0.01.
BMO Alto pays $25 more than FNBO Direct on a $10,000 balance after one year. BMO Alto pays $325, while FNBO Direct pays $300 - an APY advantage for BMO Alto.
Why BMO Alto?
- ✓Higher potential APY (3.25% vs 3.00%) on all balances
Why FNBO Direct?
- ✓Higher rated iOS app (4.5 vs 0.0)
- ✓Higher rated Android app (4.8 vs 0.0)
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
BMO AltoBMO Alto's Savings Account earns more on smaller deposits (approx. $325 vs $300/yr).
Better Returns at $25,000
BMO AltoBMO Alto's Savings Account pulls ahead with larger amounts (approx. $813 vs $750/yr).
Best for Simplicity
BMO AltoBMO Alto's Savings Account offers 3.25% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
FNBO DirectFNBO Direct offers an iOS app rated 4.5 (vs. 0.0) and Android app rated 4.8 (vs. 0.0)
Shared Benefits
Over a 1-year period, BMO Alto's Savings Account pays $25 more interest on a $10,000 balance than FNBO Direct's High-Yield Online 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 a higher APY of 3.25%, making it an attractive option for savers. This account has no minimum deposit or balance requirements and does not mandate direct deposit, providing simplicity for users. In contrast, FNBO Direct's High-Yield Online Savings Account offers a slightly lower APY of 3.00%, but it also has no maintenance fees and a low minimum deposit of $1. Both accounts are online-only, catering to those who prefer digital banking solutions.
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. FNBO Direct Savings Calculator
You earn $25 more with BMO Alto than FNBO Direct 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
FNBO Direct
High-Yield Online Savings Account
Savings Breakdown
- Interest Earned+$300.00(2.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,300.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | BMO Alto | FNBO Direct |
|---|---|---|
| APY | 3.25% Verified: 1/7/2026 Stable (90d) | 3.00% Verified: 1/7/2026 Stable (90d) |
| Product Name | Savings Account | High-Yield Online Savings Account |
| Minimum Deposit | $0 | $1 |
| Min. Balance for APY | $0 | $0.01 |
| 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- | iOS4.5 Android4.8 |
| Zelle® Support | Not Supported | Available Online division fully supports Zelle. |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at BMO Alto Non-sponsored link to official site | Visit SiteVerify at FNBO Direct Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | BMO Alto | FNBO Direct |
|---|---|---|
| Savings Account | High-Yield Online Savings Account | |
Current APY | 3.25% | 3.00% |
Trend | Stable | Stable |
Velocity (bps/mo) | -5.8 | -6.4 |
Days Since Change | 110 | 96 |
5-Month High | 3.50% | 3.25% |
5-Month Low | 3.25% | 3.00% |
Adjustments / Mo | 0.18 | 0.18 |
Volatility Score | 0.034 | 0.039 |
How to read these metrics(Click to expand)
Compare Similar High-Yield Accounts
Compare BMO Alto vs...
Comparing against Standard Savings
Compare FNBO Direct vs...
Comparing against Standard Savings
High Rates (With Checking Bundle)
Looking for something different? Check out these top-rated alternatives.