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BMO Alto High Yield Savings Review: Is It Worth It? (2024)I use BMO Alto with online savings because they have better rates and I can deposit or withdraw as needed. They're not a scam. I've found. The BMO Alto Online Savings Account, the bank's high-yield savings option, allows you to earn % APY. There is a $0 minimum deposit and no fees. Grow your savings with our high-yield online-only CD s. No minimum balance. $0 minimum opening deposit. 6 available fixed terms (6 months to 60 months).