BMO Alto vs. Salem Five Direct
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | BMO AltoSavings Account Jan 7, 2026 | Salem Five DirecteOne Savings Jan 7, 2026 |
|---|---|---|
| APY | 3.25% | 3.61% |
Est. Earnings | $5,000+$163 $10,000+$325 $25,000+$813 | $5,000+$181 $10,000+$361 $25,000+$903 |
Min Deposit | $0 | $10 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo Minimums | FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppZelle® Supported |
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. Salem Five Direct
As of BMO Alto offers an APY of 3.25% for its Savings Account, with a minimum balance of $0, compared to Salem Five Direct's 3.61% APY for its eOne Savings account, with a minimum balance of $0.01.
Salem Five Direct pays $36 more than BMO Alto on a $10,000 balance after one year. BMO Alto pays $325, while Salem Five Direct pays $361 - an APY advantage for Salem Five Direct.
Why BMO Alto?
No distinct advantages found vs Salem Five Direct.
Why Salem Five Direct?
- ✓Higher potential APY (3.61% vs 3.25%) on all balances
- ✓Higher rated iOS app (4.7 vs 0.0)
- ✓Higher rated Android app (4.2 vs 0.0)
- ✓Fast transfers via Zelle®
— Key Feature Differences —
Better Returns at $10,000
Salem Five DirectSalem Five Direct's eOne Savings earns more on smaller deposits (approx. $361 vs $325/yr).
Better Returns at $25,000
Salem Five DirectSalem Five Direct's eOne Savings pulls ahead with larger amounts (approx. $903 vs $813/yr).
Best for Simplicity
Salem Five DirectSalem Five Direct's eOne Savings offers 3.61% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
Salem Five DirectSalem Five Direct offers an iOS app rated 4.7 (vs. 0.0) and Android app rated 4.2 (vs. 0.0)
Shared Benefits
Over a 1-year period, Salem Five Direct's eOne Savings pays $36 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
Salem Five Direct offers a competitive eOne Savings account with an APY of 3.61%, making it the higher-yielding option compared to BMO Alto's Savings Account, which provides an APY of 3.25%. Both accounts require no maintenance fees and have low minimum deposit requirements, with Salem Five Direct needing a minimum of $10. Notably, Salem Five Direct's eOne Savings account is recognized for its simplicity and better returns at various deposit levels. Both accounts are online-only and do not require direct deposit, making them accessible for users looking to maximize their savings.
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. Salem Five Direct Savings Calculator
You earn $36 more with Salem Five Direct 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
Salem Five Direct
eOne Savings
Savings Breakdown
- Interest Earned+$361.00(3.5%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,361.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | BMO Alto | Salem Five Direct |
|---|---|---|
| APY | 3.25% Verified: 1/7/2026 Stable (90d) | 3.61% Verified: 1/7/2026 ↘︎ 0.40%90d Change |
| Product Name | Savings Account | eOne Savings |
| Minimum Deposit | $0 | $10 |
| Min. Balance for APY | $0 | $0.01 |
| 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 Android4.2 |
| Zelle® Support | Not Supported | Available Uses shared Salem Five mobile platform. |
| BBB Rating | A+ | A- |
| Next Steps | Visit SiteVerify at BMO Alto Non-sponsored link to official site | Visit SiteVerify at Salem Five Direct Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | BMO Alto | Salem Five Direct |
|---|---|---|
| Savings Account | eOne Savings | |
Current APY | 3.25% | 3.61% |
Trend | Stable | Stable |
Velocity (bps/mo) | -6.6 | -3.3 |
Days Since Change | 110 | 21 |
11-Month High | 4.10% | 4.01% |
11-Month Low | 3.25% | 3.61% |
Adjustments / Mo | 0.43 | 0.26 |
Volatility Score | 0.069 | 0.037 |
How to read these metrics(Click to expand)
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