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BMO ALTO High Yield Savings Account review, pros and cons, legit, quote (update 2024)Competitive deposit interest rates: All of BMO Alto's products offer competitive annual percentage yields (APYs), which reach as high as %. Pros. No minimum deposit. Unlimited withdrawals � no excessive transaction fees. Very competitive APY. Cons. No mobile app. No mobile deposit. Pros. No monthly fees. Competitive rates on savings account and CDs. No minimum opening deposits. Cons. No cash deposit. No branch access.