Bmo Alto vs. Ivy Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of BMO Alto vs. Ivy Bank
Key Metrics at a Glance
| Feature | BMO Alto | Ivy Bank |
|---|---|---|
| Top Savings APY | 3.25% Savings Account | 4.25% High-Yield Savings Account |
| Minimum to Open | $0 | $2,500 |
| Minimum Balance for Top APY | $0 | $2,500 |
BMO Alto
Strengths
- BMO Alto offers a competitive APY of 3.25% with no minimum deposit or balance requirements.
- BMO Alto has an A+ BBB rating and is BBB Accredited.
Potential Drawbacks
- BMO Alto's APY has remained unchanged at 3.25% over the last 30 days.
- BMO Alto has no branches available.
Ivy Bank
Strengths
- Ivy Bank provides a higher APY of 4.25% for its High-Yield Savings Account.
- Ivy Bank has a Google Play rating of 3.5 and an App Store rating of 4.7.
Potential Drawbacks
- Ivy Bank requires a minimum deposit and balance of $2,500 to open an account.
- Ivy Bank has an A- BBB rating but is not BBB Accredited.
→ 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 Ivy Bank's 4.25% APY for its High-Yield Savings Account, with a minimum balance of $2,500.
→ Ivy Bank yields $100 more than BMO Alto on a $10,000 balance after one year. BMO Alto pays $325, while Ivy Bank pays $425 - an APY advantage for Ivy Bank.
Calculate Savings Growth for BMO Alto vs Ivy Bank
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 OverviewIvy Bank - High-Yield Savings Account
Total savings breakdown:
- Interest earned: $2,596.8 (12.61%)
- Total contributions: $13,000 (63.12%)
- Initial deposit: $5,000 (24.28%)
Your total balance
$20,596.80
Total balance: $20,596.8
Earnings: $2,596.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, BMO Alto's total earnings would be $641.3 lower than Ivy 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 Ivy Bank's Savings Accounts
| BMO Alto | Ivy Bank | ||
|---|---|---|---|
| Product | Savings Account | vs | High-Yield Savings Account |
| APY | 3.25% (as of 11/12/2025) | 0.05% - 4.25% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $2,500 | |
| Minimum Balance for APY | $0 | $2,500 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Eligibility | United States | Residents of California and U.S. Territories (except District of Columbia) are ineligible to apply. | |
| App Store Rating | No | 4.7/5 | |
| Google Play Rating | No | 3.5/5 | |
| BBB Rating | A+ | A- |
No historical data available.