With recent interest rate cuts from the Federal Reserve, Americans have seen many savings account rates fall. Now, the national average APY for savings accounts ranges between 0.39% to 0.42%, according to the FDIC.

Savings accounts are still paying strong APYs—and some offers let you layer short-term bonuses on top to supercharge what you earn without taking more risk.

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. To earn this significant return, however, savers will need ...