Daily Compound Interest Calculator
Calculate daily compound interest on savings accounts, money market funds, and high-yield accounts. See how daily compounding accelerates growth.
Total Interest (Daily Compounding)
$2,842
Future Value
$12,842
APY
5.127%
Days
1,826
What Is Daily Compound Interest?
Interest calculated and added every day β 365 times/year. Each day earns interest on the new, slightly larger balance.
Formula
A = P Γ (1 + r/365)365t
Who Uses Daily Compounding?
- High-yield savings accounts
- Money market accounts
- Credit cards (compounds against you)
- Premium CDs
Daily vs. Monthly Compounding
$50,000 at 5% for 5 years: Daily = $64,080; Monthly = $64,031. Difference: $49.