BMO Alto vs. Presidential Bank
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | BMO AltoSavings Account Jan 7, 2026 | Presidential BankAdvantage Savings Jan 7, 2026 |
|---|---|---|
| APY | 3.25% | 3.25% - 3.75% |
Est. Earnings | $5,000+$163 $10,000+$325 $25,000+$813 | $5,000+$188 $10,000+$375 $25,000+$938 |
Min Deposit | $0 | $5,000 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo Minimums | FDIC InsuredMod. MinimumGreat iOS AppGreat Android AppIn-Person AccessZelle® SupportedDirect Deposit ReqChecking Bundle |
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. Presidential Bank
As of BMO Alto offers an APY of 3.25% for its Savings Account, with a minimum balance of $0, compared to Presidential Bank's 3.75% APY for its Advantage Savings account, with a minimum balance of N/A.
Presidential Bank pays $50 more than BMO Alto on a $10,000 balance after one year. BMO Alto pays $325, while Presidential Bank pays $375 - an APY advantage for Presidential Bank.
Why BMO Alto?
- ✓No checking account or direct deposit required
Why Presidential Bank?
- ✓Higher potential APY (3.75% vs 3.25%) (requires checking bundle & direct deposit)
- ✓Physical branch access (10 locations in Maryland, Virginia and Washington D.C.)
- ✓Higher rated iOS app (4.8 vs 0.0)
- ✓Higher rated Android app (4.2 vs 0.0)
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
Presidential BankPresidential Bank's Advantage Savings earns more on smaller deposits (approx. $375 vs $325/yr).
Better Returns at $25,000
Presidential BankPresidential Bank's Advantage Savings pulls ahead with larger amounts (approx. $938 vs $813/yr).
Best for Simplicity
BMO AltoBMO Alto's Savings Account offers 3.25% APY with no bundling, direct deposit requirement or caps.
Best for All-in-One Banking
Presidential BankPresidential Bank's Advantage Savings pays a superior APY for customers who also open a checking account.
Best Mobile App Experience
Presidential BankPresidential Bank offers an iOS app rated 4.8 (vs. 0.0) and Android app rated 4.2 (vs. 0.0)
Shared Benefits
Over a 1-year period, Presidential Bank's Advantage Savings pays $50 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
Presidential Bank offers a competitive Advantage Savings account with a higher APY of 3.75%, but it requires a monthly direct deposit of $500 into an Advantage Checking Account. In contrast, BMO Alto provides a straightforward Savings Account with a 3.25% APY, featuring no direct deposit requirements or maintenance fees, making it appealing for those seeking simplicity. Both accounts are FDIC insured; however, BMO Alto is exclusively online, while Presidential Bank has physical branch access. For customers looking to maximize their savings, Presidential Bank's higher APY may be more attractive, especially when eligibility conditions are met.
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. Presidential Bank Savings Calculator
You earn $50 more with Presidential 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
Presidential Bank
Advantage Savings
Savings Breakdown
- Interest Earned+$375.00(3.6%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,375.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | BMO Alto | Presidential Bank |
|---|---|---|
| APY | 3.25% Verified: 1/7/2026 Stable (90d) | 3.75% Range: 3.25% - 3.75% Verified: 1/7/2026 ↘︎ 0.75%90d Change |
| Product Name | Savings Account | Advantage Savings |
| Minimum Deposit | $0 | $5,000 |
| Min. Balance for APY | $0 | N/A |
| Monthly Fee | $0 | $0 |
| Branch Access | None | Yes |
| Account Type | Online Only | Online & Branches |
| Direct Deposit Req. | None | RequiredTo earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. |
| Checking Bundle | No | Yes |
| Mobile Apps | iOS- Android- | iOS4.8 Android4.2 |
| Zelle® Support | Not Supported | Available Native integration; Advantage Savings supports Zelle. |
| BBB Rating | A+ | A- |
| Next Steps | Visit SiteVerify at BMO Alto Non-sponsored link to official site | Visit SiteVerify at Presidential Bank Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | BMO Alto | Presidential Bank |
|---|---|---|
| Savings Account | Advantage Savings | |
Current APY | 3.25% | 3.75% |
Trend | Stable | Stable |
Velocity (bps/mo) | -6.6 | -4.7 |
Days Since Change | 110 | 21 |
11-Month High | 4.10% | 4.50% |
11-Month Low | 3.25% | 3.75% |
Adjustments / Mo | 0.43 | 0.26 |
Volatility Score | 0.069 | 0.055 |
How to read these metrics(Click to expand)
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