Daily Compound Interest Calculator

Calculate the future value of an investment with daily compounding.

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Daily Compounding

Enter the principal, rate, and time period.

Future value (daily compounding)
$0
Interest earned: $0
Daily compounding
$0
Monthly compounding
$0
Annual compounding
$0
Daily vs annual difference
$0
Effective APY (daily)
0%
Daily interest earned
$0

Worked example

With the default inputs shown below, this calculator returns the following results:

InputValue
Principal amount ($)$10,000
Annual interest rate (%)5%
Time period (years)10
ResultValue
Future value (daily compounding)$16,486.65
Daily compounding$16,486.65
Monthly compounding$16,470.09
Annual compounding$16,288.95
Daily vs annual difference+$197.70
Effective APY (daily)5.13%

Values shown are produced by this page in your browser; change any input to update them.

How to use the Daily Compounding

  1. Principal amount ($) — default $10,000
  2. Annual interest rate (%) — default 5%
  3. Time period (years) — default 10
  4. Press Calculate to update the results instantly.

Frequently asked questions

Very little. On $10,000 at 8% over 10 years, daily compounding beats annual by only about $100 because the gaps are tiny.
Continuous compounding pays the most, then daily, monthly, quarterly and annual. Savings accounts usually quote APY, which already includes the effect.
Compare APY instead. A 5.0% APY account beats a 4.95% APY account however each one compounds internally.

Sources & references