It's very volatile but usually you don't touch a savings account regularly so it doesn't matter what it does day to day, only long term.

It seems like the whole meaning of "savings account" has been lost in one generation..

In the old days, the very point of a savings account is that it keeps the value stable, and pays interest on top. The more long term you save, the higher the interest. Compounded.

In some European countries, your money on the bank was taken by the government due to the crisis. It's a bit worse than ups and downs in bitcoin, where you have a chance to get it back.

Yeah, that whole thing doesn't exist for my generation. We've never had savings accounts that beat inflation in our lifetime.

Savings accounts aren't meant to beat inflation.