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Daily Interest Calculator
Interest compounded daily — the most aggressive growth rate.
Enter values to see your result
Frequently asked questions
Which accounts use daily compounding?
Most US high-yield savings accounts, money-market accounts, and some credit-card interest calculations. In India, FD interest is typically quarterly-compounded.
Is daily compounding much better than monthly?
Marginally. At 7% rate: daily APY ≈ 7.25%, monthly APY ≈ 7.23%. Over 10 years on ₹10L, that's about ₹3,000 extra — noticeable but not transformative.
What is continuous compounding?
The theoretical limit — infinite compounding periods. FV = P × e^(r×t). Slightly higher than daily, but no real-world account uses it.
Is this the same as APR?
APR is the nominal annual rate. APY (what this calc shows as "Effective Annual Rate") is APR accounting for compounding. APY > APR whenever compounding is more frequent than annual.