Daily compound interest

See what daily compounding
does over time

Interest is worked out on the real calendar, one day at a time, and capitalised into the balance so the next day earns on a slightly bigger figure. The projection updates as you type.

%
Choosing No accrues on weekdays only — Monday to Friday.
How much of each day's interest is capitalised. Anything below 100% is paid out instead and stops compounding.
Investment value
of which is interest earned
Principal amount
Total interest / earnings
Percentage profit
Interest reinvested
Interest paid out
Daily rate
Nominal annual rate
Effective annual rate
Compounding days
Time to double

Balance over time

Principal Interest

Breakdown

The formula

With a fixed daily rate, the balance after t days is:

A = P (1 + r)t

If you enter an annual rate instead, it is divided across the year first, so the daily rate is r / 365 and the balance after t years is:

A = P (1 + r/365)365t

Where A is the investment value, P the principal and r the rate as a decimal. Percentage profit is the interest earned divided by the principal.

Worked example

A principal of $50 at 1% per day for one year compounds every one of the 365 days:

50 × 1.01365 = 1,889.17

  • Investment value $1,889.17
  • Total interest / earnings $1,839.17
  • Percentage profit 3678.3%

Set the reinvest rate below 100% and only that share of each day's interest is capitalised — the rest is paid out and stops compounding.

This calculator is a projection tool. It assumes the rate you enter stays fixed for the whole term and ignores fees, taxes and inflation. Real returns vary, and nothing here is a forecast or a guarantee — it is not investment advice.