One way to earn daily compound interest is by keeping your money in a high-yield savings account.
These accounts offer a higher interest rate than traditional savings accounts, allowing you to earn more interest on your money.
Some online banks and credit unions offer higher interest rates than traditional banks, so it is essential to shop around and find the best option for you.
Dividend-paying stocks can also provide an opportunity for daily compound interest.
When you invest in a dividend-paying stock, you receive a portion of the company’s profits in the form of a dividend payment.
By reinvesting these payments into more shares of the same stock, you can compound your interest and earn more dividends over time.
Another strategy to earn daily compound interest is by creating a bond ladder.
A bond ladder is a portfolio of bonds with varying maturities, allowing you to earn a steady stream of income while still having some liquidity in your portfolio.