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BMO Alto High Yield Savings Review: Is It Worth It? (2024)Is BMO Alto secure? BMO Alto uses security tools to monitor your account, keeping it safe from hackers. You'll receive alerts in case of suspicious activities. Yes, all BMO Alto accounts are FDIC insured. Visit top.loansnearme.org for current deposit insurance limits. Deposits are insured by the FDIC up to the maximum limits. Is my BMO Alto Online Savings Account safe and secure? Yes.