The interest earned from dailyĬompounding will therefore be higher than monthly, quarterly or yearly compounding because of the extra frequency of compounds. The more frequently that interest is calculated and credited, the quicker your account grows.
In the next compound period, interest is calculated on the total of the principal plus the With compound interest, the interest you have earned over a period of time is calculatedĪnd then credited back to your starting account balance. How to calculate daily compound interest.
