BMO Alto vs. Upgrade
Compare rates, requirements, and features side-by-side to find the best option for you.
BMO Alto
Savings Account
3.25%APYDec 10, 2025FDIC InsuredNo MinimumsShow Fine Print & Trends Hide Details
BMO Alto
Savings Account
Upgrade
Premier Savings
3.05%APYDec 10, 2025FDIC InsuredLow MinimumsGreat iOS AppGreat Android AppShow Fine Print & Trends Hide Details
Upgrade
Premier Savings
Market Reality Check
Both of these banks offer rates below the current top tier. The best rates we track are currently above 4.25% APY.
BMO Alto vs. Upgrade Savings Calculator
BMO Alto earns $125.9 more than Upgrade.
BMO Alto
Savings Account
Savings Breakdown
- Interest Earned+$1,955.50(9.8%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,955.50
Upgrade
Premier Savings
Savings Breakdown
- Interest Earned+$1,829.60(9.2%)
- Total Contributions$13,000
- Initial Deposit$5,000
Projected Balance
$19,829.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Comparison Analysis
Comparing BMO Alto vs. Upgrade
Why BMO Alto?
- ✓Higher potential APY (3.25% vs 3.05%) on all balances
Why Upgrade?
- ✓Higher rated iOS app (4.9 vs 0.0)
- ✓Higher rated Android app (4.5 vs 0.0)
— Key Feature Differences —
Better Returns at $10,000
BMO AltoBMO Alto's Savings Account earns more on smaller deposits (approx. $325 vs $305/yr).
Better Returns at $25,000
BMO AltoBMO Alto's Savings Account pulls ahead with larger amounts (approx. $813 vs $763/yr).
Best for Simplicity
BMO AltoBMO Alto's Savings Account offers 3.25% APY with no bundling, direct deposit requirement or caps.
Best Mobile App Experience
UpgradeUpgrade offers an iOS app rated 4.9 (vs. 0.0) and Android app rated 4.5 (vs. 0.0)
Shared Benefits
Over a 1-year period, BMO Alto's Savings Account pays $20 more interest on a $10,000 balance than Upgrade's Premier Savings.
*This calculation assumes current rates remain consistent for 1 year and does not include temporary bonuses.
Executive Summary
BMO Alto offers a competitive Savings Account with an APY of 3.25%, making it the winner in this comparison. This account requires no minimum deposit or balance, and there are no maintenance fees, providing a straightforward savings option. In contrast, Upgrade's Premier Savings account offers a slightly lower APY of 3.05% and requires a minimum balance of $1,000. Both accounts are online-only and do not require direct deposit. While Upgrade excels in mobile app experience, BMO Alto stands out for its higher yield and simplicity.
Analysis generated based on current Banksparency database records
* AI-generated content provided for informational purposes only. Accuracy is not guaranteed; always verify details with the provider.
Stop Losing Interest
See who beats both BMO Alto and Upgrade.
| Feature | BMO Alto | Upgrade |
|---|---|---|
| APY | 3.25% Verified: 12/10/2025 ↘︎ 0.25%90d Change | 3.05% Verified: 12/10/2025 ↘︎ 0.97%90d Change |
| Product Name | Savings Account | Premier Savings |
| Minimum Deposit | $0 | $0 |
| Min. Balance for APY | $0 | $1,000 |
| 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- | iOS4.9 Android4.5 |
| BBB Rating | A+ | A+ |
| Next Steps |
📈 Compare Savings Rates Over Time
Historical Performance
| Metric | BMO Alto | Upgrade |
|---|---|---|
| Savings Account | Premier Savings | |
Current APY | 3.25% | 3.05% |
Trend | Stable | Stable |
Velocity (bps/mo) | -7.1 | -10.3 |
Days Since Change | 83 | 40 |
11-Month High | 4.10% | 4.14% |
11-Month Low | 3.25% | 3.05% |
Adjustments / Mo | 0.46 | 0.28 |
Volatility Score | 0.068 | 0.105 |
How to read these metrics(Click to expand)
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