Bmo Alto vs. Wealthfront
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: November 12, 2025
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Summary of BMO Alto vs. Wealthfront
Key Metrics at a Glance
| Feature | BMO Alto | Wealthfront |
|---|---|---|
| Top Savings APY | 3.25% Savings Account | 4.15% Cash Account |
| Minimum to Open | $0 | $0 |
| Minimum Balance for Top APY | $0 | $0 |
| Note | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. |
BMO Alto
Strengths
- BMO Alto has an A+ BBB rating and is BBB Accredited.
- BMO Alto charges no maintenance fees for its savings account.
- BMO Alto offers a straightforward APY of 3.25%.
Potential Drawbacks
- BMO Alto's APY remains unchanged at 3.25% over the past 30 days.
- BMO Alto has no branches, being an online-only bank.
Wealthfront
Strengths
- Wealthfront offers a higher introductory APY of 4.15% for new clients.
- Wealthfront has excellent app ratings: 4.8 on App Store and 4.9 on Google Play.
- Wealthfront charges no maintenance fees for its cash account.
Potential Drawbacks
- Wealthfront has an F BBB rating and is not BBB Accredited.
- Wealthfront's APY drops to 3.50% after the introductory period.
→ 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 Wealthfront's 4.15% APY for its Cash Account, with a minimum balance of $0.
→ Wealthfront yields $90 more than BMO Alto on a $10,000 balance after one year. BMO Alto pays $325, while Wealthfront pays $415 - an APY advantage for Wealthfront.
Calculate Savings Growth for BMO Alto vs Wealthfront
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 OverviewWealthfront - Cash Account
Total savings breakdown:
- Interest earned: $2,531.8 (12.33%)
- Total contributions: $13,000 (63.32%)
- Initial deposit: $5,000 (24.35%)
Your total balance
$20,531.80
Total balance: $20,531.8
Earnings: $2,531.8
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, BMO Alto's total earnings would be $576.3 lower than Wealthfront's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare BMO Alto's vs Wealthfront's Savings Accounts
| BMO Alto | Wealthfront | ||
|---|---|---|---|
| Product | Savings Account | vs | Cash Account |
| APY | 3.25% (as of 11/12/2025) | 3.50% - 4.15% (as of 11/12/2025) | |
| Bundled Account | No | No | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | Daily | Daily | |
| Minimum Deposit | $0 | $0 | |
| Minimum Balance for APY | $0 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No | |
| Note | Wealthfront is not a bank but a financial services company. It is FDIC-insured through its many partner banks. New clients get an APY of 4.15% for 3 months, after which the 3.50% APY applies. See terms at Wealthfront. | ||
| App Store Rating | No | 4.8/5 | |
| Google Play Rating | No | 4.9/5 | |
| BBB Rating | A+ | F |
No historical data available.