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Interest Per Day Calculator

Finance

Calculate how much interest accrues on a loan or deposit balance each day, using a simple annual-rate-divided-by-365 daily accrual method.

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USD
$1.00$100,000,000.00
%
0%50%

Interest Accrued Per Day

$109.59

How much interest builds up on this balance in a single day

USD

Daily Interest Rate

0.01096

The annual rate spread evenly across 365 days

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Calculator Stats

Odeh Ahwal

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Odeh Ahwal
Reviewed and verifiedThis calculator was reviewed and verified by the Calcupedia due diligence team.

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Frequently Asked Questions

Why divide by 365 instead of accounting for leap years?

This is the standard simple daily-accrual convention used by most lenders. A small number of loans use a 360-day banking year instead, which would give a slightly higher daily figure.

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