The term fortnight is quite familiar to me because I enjoy reading 19th century American literature, where it is used often. However, now that I think about it, I don't hear the people around me using it, so I suppose it's not a common word anymore. When describing these lengths of times myself, I avoid the ambiguous terms altogether and just use "twice a week," "every two weeks," "twice a month," "every other month," "twice a year" (or sometimes "every six months"), "every other year," etc.