BMO Alto vs. TIMBR
Compare rates, requirements, and features side-by-side to find the best option for you.
| Metric | BMO AltoSavings Account Jan 7, 2026 | TIMBRPremium Savings Account Jan 7, 2026 |
|---|---|---|
| APY | 3.25% | 4.40% |
Est. Earnings | $5,000+$163 $10,000+$325 $25,000+$813 | $5,000+$220 $10,000+$440 $25,000+$1,100 |
Min Deposit | $0 | $1,000 |
Snapshot view. Rates subject to change. | ||
| Features | FDIC InsuredNo Minimums | FDIC InsuredLow Minimums |
Prefer In-Person Banking?
Both of these banks are online-only. If you need physical branch access, check out our list of high-yield accounts with brick-and-mortar locations.
As of BMO Alto offers an APY of 3.25% for its Savings Account, with a minimum balance of $0, compared to TIMBR's 4.40% APY for its Premium Savings Account, with a minimum balance of $0.
TIMBR pays $115 more than BMO Alto on a $10,000 balance after one year. BMO Alto pays $325, while TIMBR pays $440 - an APY advantage for TIMBR.
Why BMO Alto?
No distinct advantages found vs TIMBR.
Why TIMBR?
- ✓Higher potential APY (4.40% vs 3.25%) on all balances
— Key Feature Differences —
Better Returns at $10,000
TIMBRTIMBR's Premium Savings Account earns more on smaller deposits (approx. $440 vs $325/yr).
Better Returns at $25,000
TIMBRTIMBR's Premium Savings Account pulls ahead with larger amounts (approx. $1100 vs $813/yr).
Best for Simplicity
TIMBRTIMBR's Premium Savings Account offers 4.40% APY with no bundling, direct deposit requirement or caps.
Shared Benefits
Over a 1-year period, TIMBR's Premium Savings Account pays $115 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
BMO Alto offers a competitive Savings Account with an APY of 3.25%, which is an online-only product requiring no minimum deposit or maintenance fees. However, TIMBR's Premium Savings Account stands out with a higher APY of 4.40%, also an online-only offering, but it requires a minimum deposit of $1,000. Both accounts have no maintenance fees and provide daily compounding. Overall, TIMBR is the winner based on its superior APY, making it a better choice for those 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.
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BMO Alto vs. TIMBR Savings Calculator
You earn $115 more with TIMBR 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
TIMBR
Premium Savings Account
Savings Breakdown
- Interest Earned+$440.00(4.2%)
- Total Contributions$0
- Initial Deposit$10,000
Projected Balance
$10,440.00
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
| Feature | BMO Alto | TIMBR |
|---|---|---|
| APY | 3.25% Verified: 1/7/2026 Stable (90d) | 4.40% Verified: 1/7/2026 Stable (90d) |
| Product Name | Savings Account | Premium Savings Account |
| Minimum Deposit | $0 | $1,000 |
| Min. Balance for APY | $0 | $0 |
| 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- | iOS- Android- |
| Zelle® Support | Not Supported | Not Supported |
| BBB Rating | A+ | A+ |
| Next Steps | Visit SiteVerify at BMO Alto Non-sponsored link to official site | Visit SiteVerify at TIMBR Non-sponsored link to official site |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | BMO Alto | TIMBR |
|---|---|---|
| Savings Account | Premium Savings Account | |
Current APY | 3.25% | 4.40% |
Trend | Stable | Stable |
Velocity (bps/mo) | -5.8 | -1.1 |
Days Since Change | 110 | 268 |
11-Month High | 4.00% | 4.55% |
11-Month Low | 3.25% | 4.40% |
Adjustments / Mo | 0.37 | 0.09 |
Volatility Score | 0.057 | 0.012 |
How to read these metrics(Click to expand)
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