Heck no! In fact they are worse than ever, being held by strings and taxpayers. Expect some more banks to go bankrupt (or bailed out) soon.
My savings account is doing perfectly fine. Meanwhile, anyone who invested in bitcoin earlier this year and held until now is down 50% in value.
How do you know how your savings are or aren't?
You don't expect the bank to come forward and say they lost all your money, do you?
It's just a number in the screen...
Obviously who joined during the hype lost. But that is as valid to bitcoin as it is to anything else.