Title says it all. Transaction account free to open. Macquarie’s transaction account also has no minimum balance or deposit requirements, no transaction conditions, and no need to lock money away for a set period to receive the interest rate.
"Macquarie will offer an interest rate of 1.5 per cent on its transaction account… The offer, available to customers with balances up to $250,000, is not an introductory rate and does not come with the conditions typical to higher-interest savings accounts, such as a requirement to transfer a certain amount of money into the accout each month." (AFR, 9/6/22)