I believe interest is paid monthly. Also, it is paid only when there is a SBD transaction and it's been at least a month since your last interest payment. If you don't see the interest in your wallet after a month, send someone 0.001 SBD and it should appear.
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Thanks for clarifying. Yes interest is not paid out daily. I think it is easy to confuse it with the Steem dilution which occurs all the time. My SBD interest only occurs periodically.