BMO Alto vs. Neighbors Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | BMO AltoSavings Account Jan 7, 2026 | Neighbors BankNeighbors Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 3.25% | 4.30% |
Est. Earnings | $5,000+$163 $10,000+$325 $25,000+$813 | $5,000+$215 $10,000+$430 $25,000+$1,075 |
Min Deposit | $0 | $0 |
Snapshot view. Rates subject to change. | ||
Terms | - | Balances up to $250,000 earn 4.30% APY. Anything above will earn 0.05% APY. |
| Features | FDIC InsuredNo Minimums | FDIC InsuredNo MinimumsGreat Android AppIn-Person Access |
Comparison Analysis
Comparing BMO Alto vs. Neighbors Bank
As of BMO Alto offers an APY of 3.25% for its Savings Account, with a minimum balance of $0, compared to Neighbors Bank's 4.30% APY for its Neighbors Savings Account, with a minimum balance of $0.
Neighbors Bank pays $105 more than BMO Alto on a $10,000 balance after one year. BMO Alto pays $325, while Neighbors Bank pays $430 - an APY advantage for Neighbors Bank.
Why BMO Alto?
- ✓No checking account or direct deposit required
- ✓Available Nationwide
Why Neighbors Bank?
- ✓Higher potential APY (4.30% vs 3.25%) on all balances
- ✓Physical branch access (One location in Columbia, Missouri)
- ✓Higher rated Android app (4.4 vs 0.0)
— Key Feature Differences —
Better Returns at $10,000
Neighbors BankNeighbors Bank's Neighbors Savings Account earns more on smaller deposits (approx. $430 vs $325/yr).
Better Returns at $25,000
Neighbors BankNeighbors Bank's Neighbors Savings Account pulls ahead with larger amounts (approx. $1075 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, Neighbors Bank's Neighbors Savings Account pays $105 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
Neighbors Bank offers a competitive Neighbors Savings Account with an APY of 4.30%, significantly higher than BMO Alto's Savings Account, which provides an APY of 3.25%. Both accounts have no minimum deposit or maintenance fees, and neither requires direct deposit. However, eligibility for Neighbors Bank is restricted as the account is not available in Delaware. While BMO Alto's account is online-only, Neighbors Bank provides more flexibility with physical access. Overall, for those seeking higher returns, Neighbors Bank is the clear choice.
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. Neighbors Bank Savings Calculator
You earn $105 more with Neighbors 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
Neighbors Bank
Neighbors Savings Account
4.30% on first $250,000 and 0.05% thereafter.
Savings Breakdown
- Interest Earned+$430.00(4.1%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,430.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | BMO Alto | Neighbors Bank |
|---|---|---|
| APY | 3.25% Verified: 1/7/2026 Stable (90d) | 4.30% Verified: 1/7/2026 ↘︎ 0.30%90d Change |
| Product Name | Savings Account | Neighbors Savings Account |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $0 |
| Monthly Fee | $0 | $0 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | None |
| Checking Bundle | No | No |
| Mobile Apps | iOS- Android- | iOS3.3 Android4.4 |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A+ |
| Important Notes | - | Balances up to $250,000 earn 4.30% APY. Anything above will earn 0.05% APY. |
| Next Steps | Visit SiteVerify at BMO Alto Non-sponsored link to official site | Visit SiteVerify at Neighbors Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | BMO Alto | Neighbors Bank |
|---|---|---|
| Savings Account | Neighbors Savings Account | |
Current APY | 3.25% | 4.30% |
Trend | Stable | Stable |
Velocity (bps/mo) | -5.6 | -2.6 |
Days Since Change | 110 | 28 |
10-Month High | 4.00% | 4.75% |
10-Month Low | 3.25% | 4.30% |
Adjustments / Mo | 0.38 | 0.29 |
Volatility Score | 0.054 | 0.023 |
How to read these metrics(Click to expand)
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