Interest Per Day Calculator

Daily-compounded interest — APR divided by 365, compounding each day.

Result

Interest earned460.25
Final balance10,460.25
Interest per day1.2329
Interest per month (~30d)37.05
Effective annual yield4.602%

Interest Per Day Calculator — FAQs

Does daily compounding beat monthly?

Marginally — 5% APR compounds to 5.127% daily vs 5.116% monthly. The rate matters far more than the compounding frequency.

Is APR the same as the daily rate?

The daily periodic rate is APR/365 — but check whether your account quotes APR (simple) or APY (includes compounding).

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