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BMO Alto CD Rates: 5.50% APY 12-Month CD, 6-Month CD 5.20% APY

BMO Alto CD rates on the bank's short-term certificates of deposit are very good right now. BMO Alto's 12-month CD rate at 5.50% APY, ties the bank for 25th place for the highest 12-month CD rates in our database of rates. 6-month CD rates at BMO Alto are also a good deal at 5.20% APY. There is no minimum opening deposit for any CD account/term. You can view a complete list of BMO Alto CD Rates below and compare those rates with other bank CD rates.

Current BMO Alto CD Rates

  • APY: 5.50%

  • Minimum Deposit: $0

  • APY: 5.20%

  • Minimum Deposit: $0

  • APY: 4.75%

  • Minimum Deposit: $0

  • APY: 4.50%

  • Minimum Deposit: $0

  • APY: 4.50%

  • Minimum Deposit: $0

  • APY: 4.50%

  • Minimum Deposit: $0

    • BMO Alto Special Account Rates

  • APY: 5.10%

  • Minimum Deposit: $0

    • BMO Alto CD Account Disclosures

    Minimum Deposit Requirement

    No minimum deposit required to open an account. However, you must fund the CD within 10 calendar days; otherwise, the account will automatically close.

    Interest Payments

    Interest will be compounded daily and credited to the account at the end of the month. Interest starts accruing the day the deposit is received.

    Transaction Limitations

  • First 15 days: No closing allowed.

  • No additional deposits or partial withdrawals until maturity.

  • Early withdrawal penalties may apply after the initial 15 days.

    • Automatic Renewal & Grace Period

    Unless specified otherwise, CDs will auto-renew on the maturity date at the current rate. A 10-day grace period exists to add or withdraw funds without penalty.

    CD Closing Methods

  • Close after the first 15 days and before maturity (penalties may apply).

  • Close at maturity.

  • Close during the grace period.

    • Early Withdrawal Penalty

  • CD Term 11 months or less: 90 days' interest.

  • CD Term 12 months or more: 180 days' interest.

    • Penalty Waivers

    Penalties waived if the account owner passes away, is declared legally incompetent, or during the 10-day grace period post-maturity.

    Customer Support

    For account changes or closing, use BMO Alto Online Banking or call 1-855-266-8100.

    To find the highest CD rates available and to see how BMO Alto CD rates compare with other bank rates, use our free rate search tool.

     
    Author: Brian McKay
    October 12th, 2023