One reason? Savings rates are coming down from a high early in the pandemic, when many Americans were able to hold on to extra cash.

The average yield for a savings account is under 1%. Depositors, however, don’t always take the opportunity to get more.

After reaching a record high of nearly 34% early in the pandemic, the savings rate has dipped below its pre-pandemic level.

Government relief has boosted some incomes, and shutdowns have made it harder to spend.