2 Year Fixed Rate ISA at 4.22% Minimum to open £1 @ Virgin Money

Bugger, just signed up to their flexi isa at 3% a week ago.
Would it be much of a hassle to switch to this?

Anyone in the know, are we expecting rate rises still to come after the November BOE rise in interest rates?

Not quite the best out there.

I could not get 2, 5 year fixed rate NON ISA deals at 5%, due to rates dropping after the 0.75% base rate rise.
Definitely don’t expect to see 5% on any ISA.

Inflation increasing. Interest rates will hopefully go up another percentage point in December, so if hold off until Jan. Might see 5%+ cash isa rates

What does this mean and where can I find more info?

Low 90 days interest charge on any withdrawl

You'll have almost £1.09 in 2 years if you invest as Wisely as this (edited)

I currently have the santander easy access at 2.72% monthly as I always thought it best to be able to have easy access to a relatively large sum of cash quickly in case of an emergency (job loss, house emergency etc...).
Do you guys think the same?
Maybe put half in this and leave half in easy access?

I don't consider myself as expert but trying to understand from verbiage in terms and conditions.

It's mentioned that "Any withdrawals made within the fixed rate period are subject to a charge equivalent to 90 days' loss of interest on the amount withdrawn."

90 days interest of £10000 @ 4.22% is £104

Say you invest £10000 today and withdraw after 100 day, you would get 10000 + 100 day interest(i.e. £115) - 90 day interest patently(£104)
10000 + 115 - 104 = 100011

Another way of thinking could be, if we withdraw before the 2 yrs, then for first 90 days no interest but 4.22 % for remaining period.

From my experience I would not recommend opening a Virgin Money account.
They may have decent terms if you want to close early but their customer service is truly dreadful.
In my experience they do not carry out agreed instructions correctly and if you try to contact them either by phone (forget it) or online message they just ignore you, for days and days.
You cannot even transfer from one Virgin ISA to another Virgin ISA online. You have to fill in a paper form and send it to them!!! uk.virginmoney.com/savings/questions-and-answers/cash-isa-exclusives/
Check out Trustpilot to see others have had the same bad experience. uk.trustpilot.com/review/uk.virginmoney.com
Very sad to see them go this way after they were sold!!!!! (edited)

I can't see myself locking my money away in this for 2 years, what's the best deal out there at the mo for a 1 year fixed rate?

This has dropped to 4.11% so instead of expiring I am changing the rate in the title