Overnight Rate Calculator
Calculate interest on overnight lending using SOFR, Fed Funds, or other benchmark overnight rates.
Overnight Lending Details
$
%
%
days
Overnight rates are benchmark interest rates for very short-term interbank lending. SOFR has largely replaced LIBOR as the primary USD benchmark.
Interest for 1 Day(s)
$1,480.56
on $10.00M principal
Effective Rate
5.33%
Effective Annual
5.47%
Interest Projections
Daily Interest$1,480.56
Weekly Interest$10,363.89
Bi-Weekly Interest$20,727.78
Monthly Interest$44,416.67
Annual Interest$533,000.00
Per $1M Analysis
Interest per $1,000,000 for 1 day(s):
$148.06
Rate Information
- - SOFR: Based on Treasury repo transactions
- - Fed Funds: Rate banks charge each other
- - Rates are quoted on 360-day basis
- - Used as benchmarks for floating-rate loans