Is there any risk involved with a guaranteed investment?

Yes, there can be risks associated with guaranteed investments. While the principal investment amount may be guaranteed, the rate of return may not be guaranteed and may be subject to fluctuations due to changes in market conditions, interest rates, or other factors. Additionally, some guaranteed investments may have fees or penalties associated with early withdrawals or other transactions, which can impact the overall return on investment. It's important to carefully read and understand the terms and conditions of any investment, including guaranteed investments, before making a decision to invest.