Mortgage loan is a number that defines how much interest will be paid on that loan (or exactly how much you’ll earn on interest-bearing deposits). Rates are usually quoted as a yearly price, to help you work out how much interest will likely to be due on any sum of money.
According to the situation, interest may be quoted and determined in many ways.
Whenever you deposit cash in a banking account or similar account, you basically provide that cash into the bank and make interest. Some banking institutions offer greater interest levels than the others.