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BMO - Savings accounts: which one is best for you?The BMO Savings Builder Account pays % APY, which is pretty low overall. The average savings account interest rate is % APY. BMO Alto Online Savings is a variable rate account. The interest rate and Annual Percentage Yield (APY) may change at any time after the account is opened. Want to open a BMO savings account? Why not compare your options? Find the highest-earning savings accounts in Canada from multiple banks in seconds.