BMO Alto vs. Ivy Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | BMO AltoSavings Account Jan 7, 2026 | Ivy BankHigh-Yield Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 3.25% | 0.05% - 4.10% |
Est. Earnings | $5,000+$163 $10,000+$325 $25,000+$813 | $5,000+$205 $10,000+$410 $25,000+$1,025 |
Min Deposit | $0 | $2,500 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo Minimums | FDIC InsuredMod. MinimumGreat iOS App |
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 Ivy Bank's 4.10% APY for its High-Yield Savings Account, with a minimum balance of $2,500.
Ivy Bank pays $85 more than BMO Alto on a $10,000 balance after one year. BMO Alto pays $325, while Ivy Bank pays $410 - an APY advantage for Ivy Bank.
Why BMO Alto?
- ✓No checking account or direct deposit required
- ✓Available Nationwide
Why Ivy Bank?
- ✓Higher potential APY (4.10% vs 3.25%) on all balances
- ✓Higher rated iOS app (4.7 vs 0.0)
— Key Feature Differences —
Better Returns at $10,000
Ivy BankIvy Bank's High-Yield Savings Account earns more on smaller deposits (approx. $410 vs $325/yr).
Better Returns at $25,000
Ivy BankIvy Bank's High-Yield Savings Account pulls ahead with larger amounts (approx. $1025 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, Ivy Bank's High-Yield Savings Account pays $85 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
Ivy Bank offers a High-Yield Savings Account with a competitive APY of 4.10%, significantly higher than BMO Alto's Savings Account, which provides an APY of 3.25%. Both accounts are online-only and have no maintenance fees, but Ivy Bank requires a minimum deposit and balance of $2,500, while BMO Alto has no minimum requirements. Additionally, Ivy Bank's account is only available to residents outside California and U.S. Territories (except the District of Columbia). For those looking for simplicity without minimums, BMO Alto 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. Ivy Bank Savings Calculator
You earn $85 more with Ivy Bank 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
Ivy Bank
High-Yield Savings Account
Savings Breakdown
- Interest Earned+$410.00(3.9%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,410.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | BMO Alto | Ivy Bank |
|---|---|---|
| APY | 3.25% Verified: 1/7/2026 Stable (90d) | 4.10% Range: 0.05% - 4.10% Verified: 1/7/2026 - |
| Product Name | Savings Account | High-Yield Savings Account |
| Minimum Deposit | $0 | $2,500 |
| Min. Balance for APY | $0 | $2,500 |
| 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- | iOS4.7 Android3.5 |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A- |
| Next Steps | Visit SiteVerify at BMO Alto Non-sponsored link to official site | Visit SiteVerify at Ivy Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | BMO Alto | Ivy Bank |
|---|---|---|
| Savings Account | High-Yield Savings Account | |
Current APY | 3.25% | 4.10% |
Trend | Stable | Stable |
Velocity (bps/mo) | 0.0 | -11.9 |
Days Since Change | 54 | 22 |
2-Month High | 3.25% | 4.25% |
2-Month Low | 3.25% | 4.10% |
Adjustments / Mo | 0.00 | 0.55 |
Volatility Score | 0.000 | 0.018 |
How to read these metrics(Click to expand)
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High Rates (With Checking Bundle)
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