Bmo Alto vs. Presidential Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of BMO Alto vs. Presidential Bank
Key Metrics at a Glance
| Feature | BMO Alto | Presidential Bank |
|---|---|---|
| Top Savings APY | 3.25% Savings Account | 4.25% Advantage Savings |
| Minimum to Open | $0 | $5,000 |
| Minimum Balance for Top APY | $0 | N/A |
BMO Alto
Strengths
- BMO Alto offers a 3.25% APY with no direct deposit requirement.
- BMO Alto has no maintenance fees or minimum balance requirements.
- BMO Alto has an A+ BBB rating and is BBB Accredited.
Potential Drawbacks
- BMO Alto has no physical branches for in-person banking.
Presidential Bank
Strengths
- Presidential Bank offers a higher APY of 4.25%, though it requires direct deposit.
- Presidential Bank has 10 physical branches for customer access.
- Presidential Bank has a high App Store rating of 4.8.
Potential Drawbacks
- Presidential Bank's APY decreased from 4.5% in the last 30 days.
- Presidential Bank requires a $5,000 minimum deposit to open an account.
- Presidential Bank has an A- BBB rating and 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 Presidential Bank's 4.25% APY for its Advantage Savings account, with a minimum balance of N/A.
→ Presidential Bank yields $100 more than BMO Alto on a $10,000 balance after one year. BMO Alto pays $325, while Presidential Bank pays $425 - an APY advantage for Presidential Bank.
Calculate Savings Growth for BMO Alto vs Presidential 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 OverviewPresidential Bank - Advantage Savings
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 Presidential 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 Presidential Bank's Savings Accounts
| BMO Alto | Presidential Bank | ||
|---|---|---|---|
| Product | Savings Account | vs | Advantage Savings |
| APY | 3.25% (as of 11/12/2025) | 3.75% - 4.25% (as of 11/12/2025) | |
| Bundled Account | No | Yes | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | No | |
| Compound Frequency | Daily | Monthly | |
| Minimum Deposit | $0 | $5,000 | |
| Minimum Balance for APY | $0 | N/A | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | Yes. To earn the higher APY you need a monthly direct deposit into an Advantage Checking Account of $500. | |
| App Store Rating | No | 4.8/5 | |
| Google Play Rating | No | 4.1/5 | |
| BBB Rating | A+ | A- |
Comparative Historical APY Insights (Last 10 Months)
| BMO Alto | Presidential Bank | ||
|---|---|---|---|
| Product | Savings Account | vs | Advantage Savings |
| Latest APY | 3.25 % | 4.25 % | |
| Trend | Falling | Sideways | |
| Slope (bps/mo) | -7.4 | -0.5 | |
| Rate Changes / Mo | 0.51 | 0.10 | |
| Days Since Last Change | 55 | 7 | |
| High (-10 m) | 4.10 % | 4.50 % | |
| Low (-10 m) | 3.25 % | 4.25 % | |
| Draw-down from High | -20.7 % | -5.6 % | |
| Volatility (CV) | 0.065 | 0.010 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 10 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-10 m)
- Highest APY in the last 295 days.
- Low (-10 m)
- Lowest APY in the last 295 days.
- Draw-down from High
- How far today sits below the 10-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.