Backups & restore points · Restore Points
Where are restore points stored, and why can't I see them?
Short answer: On your fast drive, so they show whenever it's connected. Plug the drive in to see them; 'No restore points yet' means nothing has been moved to it so far.
Restore points live on your fast drive, so they're available whenever that drive is connected. If it isn't, the window says "Connect your drive to see restore points" — plug it in and they appear.
If the drive is connected and you see "No restore points yet", you simply haven't moved anything to it; restore points are created as you move files or apps.