AWS Savings Plans

AWS Savings Plans is a flexible pricing model that offers significant savings on your AWS usage. By committing to a consistent amount of usage (measured in USD per hour) for a one- or three-year term, you can save up to 72% on AWS services compared to On-Demand prices.

Key Features

• Flexible Usage: Savings Plans automatically apply to any eligible usage, regardless of region, instance family, operating system, or tenancy.
• Two Plan Types: Choose between Compute Savings Plans and EC2 Instance Savings Plans, depending on your usage patterns.
• Significant Discounts: Enjoy up to 72% savings compared to On-Demand pricing, with no upfront payment options available.
• Comprehensive Coverage: Savings Plans cover usage for EC2, AWS Lambda, and AWS Fargate, providing broad coverage for your workloads.
• Easy Management: Track your Savings Plans' utilization and performance through the AWS Cost Explorer and other AWS management tools.

Types of Savings Plans

The following diagram illustrates the different types of AWS Savings Plans and their applicable services:

• Compute Savings Plans: Offer the most flexibility, automatically applying to any compute usage, regardless of instance type, region, or service.
• EC2 Instance Savings Plans: Provide savings on specific instance families in a chosen region, ideal for customers with predictable workloads.

Use Cases

• Cost Savings: Reduce your AWS bill by committing to consistent usage and receiving significant discounts on your compute costs.
• Flexible Commitment: Benefit from savings without being locked into specific instance types or regions, allowing for flexible usage.
• Workload Optimization: Optimize your spending by selecting the right type of Savings Plan based on your workload's characteristics.

Integration with Other AWS Services

AWS Savings Plans integrates with various AWS services to maximize your savings across your compute resources:

• AWS Cost Explorer: Track your Savings Plans utilization and identify additional opportunities for savings.
• AWS Budgets: Set and monitor budgets for your Savings Plans to ensure you're maximizing your savings potential.
• AWS Organizations: Share Savings Plans across multiple accounts within your AWS organization for centralized management and savings.