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BMO ALTO High Yield Savings Account Review - Is It Worth It? (2024)If you have been impacted by Hurricane Milton and need to close your BMO Alto Online CD early, call us at to request an early withdrawal penalty. Early withdrawal penalty: For CDs of 11 months or less, you will be charged 90 days interest; for CDs of 12 months or more, you will be charged days. The penalty is calculated using the interest rate applicable to the CD at the time of early withdrawal. If the amount of the penalty exceeds the amount of your.