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BMO Alto High Yield Savings Account Review (BMO Alto Pros And Cons)Every BMO Alto deposit is backed by the Federal Deposit Insurance Corp. (FDIC). Choose from two types of products: an online savings account or online. Is my BMO Alto CD safe and secure?. Yes, all BMO Alto Online Savings Accounts are FDIC insured. Please visit top.getbestcarinsurance.org for current deposit insurance limits. Deposits are insured by the FDIC up.