Savings Plans
Last updated
Last updated
Flexible pricing model offering significant cost savings on AWS compute usage.
Applies to services like EC2, AWS Fargate, and AWS Lambda compute usage.
Requires a commitment to a consistent amount of usage (measured in $/hour) over 1 or 3 years.
Offers two main types: Compute Savings Plans and EC2 Instance Savings Plans.
Compute Savings Plans provide the most flexibility across instance families, regions, and OS types.
EC2 Instance Savings Plans offer higher discounts but apply only to specific instance families in a region.
Automatically applies discounts to matching usage without upfront payments.
Enables cost savings up to 72% compared to on-demand pricing.
Supports partial upfront, all upfront, or no upfront payment options.
Can be combined with Reserved Instances for additional savings.
Provides usage reports and recommendations through AWS Cost Explorer.
Flexible to changes in instance types and regions under Compute Savings Plans.
Helps optimize costs for predictable and steady-state workloads.
Requires careful planning to match commitment to actual usage to avoid overcommitment.
Savings Plans are applicable only to compute services, not storage or data transfer.
