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BMO ALTO High Yield Savings Account Review (Pros And Cons Of BMO ALTO High Yield Savings Account)Overall, BMO Alto Bank offers a positive experience with responsive customer service, a wide range of banking products, a user-friendly digital platform, and. BMO is best for customers who want an institution with a full suite of personal banking products, including deposit accounts, credit cards and loans. BMO's high-yield savings account has an excellent APY and charges no fees nor requires any minimum opening deposits. The account is online only.