What is Madison’s minimum cash balance?

Posted on: December 10, 2019

The minimum cash balance is $500 which may be paid as follows: 

  1. Personal Check (non-IRA deposit)
  2. Credit Card (a $25 administrative fee will apply)
  3. Deduction of $500 from your IRA funds 

The minimum balance is not a cost to you. Madison will only deduct funds from the $500 minimum for quarterly fees if an accountholder is in arrears and does not provide any other payment method. Upon account termination, the $500 minimum balance is returned to the accountholder.