Bmo Alto vs. Vio Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of BMO Alto vs. Vio Bank
Key Metrics at a Glance
| Feature | BMO Alto | Vio Bank |
|---|---|---|
| Top Savings APY | 3.25% Savings Account | 4.21% Online Savings Account |
| Minimum to Open | $0 | $100 |
| Minimum Balance for Top APY | $0 | $0 |
BMO Alto
Strengths
- BMO Alto has no minimum deposit requirement for its savings account.
- BMO Alto charges no maintenance fees for its savings account.
Potential Drawbacks
- BMO Alto offers a lower APY of 3.25% compared to Vio Bank.
- BMO Alto has no app ratings as it is online-only.
Vio Bank
Strengths
- Vio Bank offers a higher APY of 4.21%, maximizing savings potential.
- Vio Bank has a strong App Store rating of 4.6.
Potential Drawbacks
- Vio Bank requires a minimum deposit of $100 to open an account.
- Vio Bank charges a $5 maintenance fee if electronic statements are not selected.
→ 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 Vio Bank's 4.21% APY for its Online Savings Account, with a minimum balance of $0.
→ Vio Bank yields $96 more than BMO Alto on a $10,000 balance after one year. BMO Alto pays $325, while Vio Bank pays $421 - an APY advantage for Vio Bank.
Calculate Savings Growth for BMO Alto vs Vio 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 OverviewVio Bank - Online Savings Account
Total savings breakdown:
- Interest earned: $2,570.8 (12.50%)
- Total contributions: $13,000 (63.20%)
- Initial deposit: $5,000 (24.31%)
Your total balance
$20,570.80
Total balance: $20,570.8
Earnings: $2,570.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, BMO Alto's total earnings would be $615.3 lower than Vio 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 Vio Bank's Savings Accounts
| BMO Alto | Vio Bank | ||
|---|---|---|---|
| Product | Savings Account | vs | Online Savings Account |
| APY | 3.25% (as of 11/12/2025) | 4.21% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $100 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0, if electronic statements selected, otherwise $5 | |
| Direct Deposit Required | No | No | |
| App Store Rating | No | 4.6/5 | |
| Google Play Rating | No | 3.3/5 | |
| BBB Rating | A+ | A+ |
No historical data available.