Bmo Alto vs. Salem Five Direct
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 14, 2025
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Summary of BMO Alto vs. Salem Five Direct
Key Metrics at a Glance
| Feature | BMO Alto | Salem Five Direct |
|---|---|---|
| Top Savings APY | 3.25% Savings Account | 3.71% eOne Savings |
| Minimum to Open | $0 | $10 |
| Minimum Balance for Top APY | $0 | $0.01 |
BMO Alto
Strengths
- BMO Alto offers a competitive APY of 3.25%, unchanged from 30 days ago.
- BMO Alto has an A+ BBB rating and is BBB Accredited.
- No maintenance fees are charged on the savings account.
Potential Drawbacks
- BMO Alto does not have a mobile app rating on the App Store or Google Play.
- BMO Alto has no branches available for in-person service.
Salem Five Direct
Strengths
- Salem Five Direct offers a higher APY of 3.71%, though it decreased from 4.01% in the last month.
- Salem Five Direct has a strong App Store rating of 4.7.
- No maintenance fees are charged on the eOne Savings account.
Potential Drawbacks
- Salem Five Direct has an A- BBB rating and is not BBB Accredited.
- Salem Five Direct requires a minimum deposit of $10 to open an account.
→ As of November 14, 2025 BMO Alto offers an APY of 3.25% for its Savings Account, with a minimum balance of $0, compared to Salem Five Direct's 3.71% APY for its eOne Savings account, with a minimum balance of $0.01.
→ Salem Five Direct yields $46 more than BMO Alto on a $10,000 balance after one year. BMO Alto pays $325, while Salem Five Direct pays $371 - an APY advantage for Salem Five Direct.
Calculate Savings Growth for BMO Alto vs Salem Five Direct
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 OverviewSalem Five Direct - eOne Savings
Total savings breakdown:
- Interest earned: $2,248.1 (11.10%)
- Total contributions: $13,000 (64.20%)
- Initial deposit: $5,000 (24.69%)
Your total balance
$20,248.10
Total balance: $20,248.1
Earnings: $2,248.1
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, BMO Alto's total earnings would be $292.6 lower than Salem Five Direct's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare BMO Alto's vs Salem Five Direct's Savings Accounts
| BMO Alto | Salem Five Direct | ||
|---|---|---|---|
| Product | Savings Account | vs | eOne Savings |
| APY | 3.25% (as of 11/14/2025) | 3.71% (as of 11/14/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Monthly | |
| Minimum Deposit | $0 | $10 | |
| Minimum Balance for APY | $0 | $0.01 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| App Store Rating | No | 4.7/5 | |
| Google Play Rating | No | 4.2/5 | |
| BBB Rating | A+ | A- |
Comparative Historical APY Insights (Last 10 Months)
| BMO Alto | Salem Five Direct | ||
|---|---|---|---|
| Product | Savings Account | vs | eOne Savings |
| Latest APY | 3.25 % | 3.71 % | |
| Trend | Falling | Sideways | |
| Slope (bps/mo) | -7.4 | -1.6 | |
| Rate Changes / Mo | 0.51 | 0.20 | |
| Days Since Last Change | 57 | 9 | |
| High (-10 m) | 4.10 % | 4.01 % | |
| Low (-10 m) | 3.25 % | 3.71 % | |
| Draw-down from High | -20.7 % | -7.5 % | |
| Volatility (CV) | 0.065 | 0.020 |
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 297 days.
- Low (-10 m)
- Lowest APY in the last 297 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.