Savings account and Time deposit account

Savings account noun - A bank account that accumulates interest.

Time deposit account and savings account are semantically related. In some cases you can replace phrase "Time deposit account" with "Savings account", this phrases are similar.

Time deposit account noun - A savings account in which the deposit is held for a fixed term or in which withdrawals can be made only after giving notice or with loss of interest.

Savings account and time deposit account are semantically related. You can use "Savings account" instead a noun phrase "Time deposit account".