Fantastic news!
Time-Locked Wallets
This is an awful and misleading name for a revolutionary product! It's not a wallet since you won't get out the number of coins you put in. It's more an investment fund. But the upside-only option will be really attractive for the bit-curious.
I agree - you need to make the name understandable to the man on the street. A wallet is something you carry around with you. A savings account is something you store money in.