Daily interest calculator

Calculate the future value of an investment or debt where the principal is compounded daily. Enter the initial value, interest rate, and time period in days to find it.

How to Calculate Daily Compound Interest

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.

Daily compound interest formula

It is important to note that the more frequent the compounding, the more interest will accrue. Daily compounded interest will result in more interest paid than interest compounded monthly or annually.

This is due to earning interest on interest or, in other words, compound interest.

The faster you earn interest, the more your investment will grow, or in the case of debt, the more money you will have to repay.

The compounding that accrues the most interest is continuous compounding, and after that, the order from highest to lowest interest accrued is daily,

how is interest compounded annually

how many times is interest compounded daily