If you didn't pick up your Series I savings bonds by April 30th, it may be too late to bother now.  On May 1 2008, the inflation rate on Series I Savings Bonds fell to 0% interest! 

According to Bloomberg, this is the lowest these savings bonds have fallen since I-Series bonds (also known as Inflation-Indexed bonds) were introduced in the 1990's. 

Fortunately, these bonds cannot fall any lower, as the return on I-Series bonds cannot go into negative numbers.  If they did, bondholders would be paying interest on these savings bonds. With any hope, the rates on I-Series bonds will be adjusted upward when rates are reset on November 1st. 

Financial guru, Clark Howard recently did a news story on how to make inflation pay off.

You had better believe this immediately caught my attention!  I could not imagine a single way to make inflation pay off in my favor, but Clark Howard could.