Daily Interest

Interest earned from date of deposit to date of withdrawal. Also, deposit account interest compounded daily and credited to the depositor's account monthly, quarterly, or at other intervals. For example, $100 deposited for a year (365 days) earns $.84 in daily compound interest at 30 days, $2.53 at 90 days, $5.13 at 180 days, and $10.67 after a full year. See also Compound Interest.