How to calculate daily compound interest?

Enter the initial value, interest rate, and time period in days to find it. Daily compound interest is interest that is calculated daily on the principal and interest already accrued for an investment or loan. The daily compound interest calculator above is the easiest way to perform this calculation, but we will explain the steps in detail below.

Does daily compounding yield more interest?

Therefore, daily compounding yields more interest than monthly, quarterly, or annually compounded interest. The daily interest calculator will calculate interest with either a daily interest rate or an annual interest rate. Just make sure that the correct interest rate and time period are used to calculate accurately.

What is a daily compounding calculator?

Our daily compounding calculator allows you to include either daily or monthly deposits to your calculation. Note that if you include additional deposits in your calculation, they will be added at the end of each period, not the beginning. Here are some frequently asked questions about our daily compounding calculator.