This article describes the formula syntax and usage of the ACCRINT function in Microsoft Excel.


Returns the accrued interest for a security that pays periodic interest.


ACCRINT(issue, first_interest, settlement, rate, par, frequency, [basis], [calc_method])

Important: Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.

The ACCRINT function syntax has the following arguments:

BasisDay count basis
0 or omittedUS (NASD) 30/360
4European 30/360



Copy the example data in the following table, and paste it in cell A1 of a new Excel worksheet. For formulas to show results, select them, press F2, and then press Enter. If you need to, you can adjust the column widths to see all the data.

39508Issue date
39691First interest date
39569Settlement date
0.1Coupon rate
1000Par value
2Frequency is semiannual (see above)
030/360 basis (see above)
=ACCRINT(A2,A3,A4,A5,A6,A7,A8)Accrued interest for a treasury bond with the terms above.16.666667
=ACCRINT(DATE(2008,3,5),A3,A4,A5,A6,A7,A8,FALSE)Accrued interest with the terms above, except the issue date is March 5, 2008.15.555556
=ACCRINT(DATE(2008, 4, 5), A3, A4, A5, A6, A7, A8, TRUE)Accrued interest with the terms above, except the issue date is April 5, 2008, and the accrued interest is calculated from the first_interest to settlement.7.2222222

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