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BMO Alto High Yield Savings Review: Is It Worth It? (2024)You only need $25 to open the BMO Savings Builder Account and $0 to open the BMO Alto Online Savings Account. If you don't deposit the minimum $ each month, your interest rate drops back down to %, which is no better than anywhere else. If you faithfully make. All of BMO's savings accounts are no-fee accounts with no minimum balance. But fees may apply if your chequing account balance goes below $0. You may be charged.