Savings Plans are a flexible pricing model that offer low prices on AWS usage, in exchange for a commitment to a consistent amount of usage (measured in $/hour) for a 1- or 3-year term. Savings Plans provide you the flexibility to use the compute option that best suits your needs and automatically save money, all without having to perform exchanges or modifications. When you sign up for a Savings Plan, you will be charged at the Savings Plans price, which is inclusive of your savings rate, for usage up to your commitment.
We have 3 types of saving plans
- Compute savings plan
- EC2 Savings plan
- Sage maker Savings plan
1. Compute savings plan :
One plan that automatically applies to all usage on EC2, Fargate, and Lambda. Up to 66% discount.
Reservation Term:
- 1 Year
- 3 Year
Payment Options
- No upfront
- Partial upfront
- All upfront
2. EC2 Instance Savings Plans
Get a deeper discount when you only need one instance family and region. Up to 72% discount.
Reservation Term:
- 1 Year
- 3 Year
Payment Options
- No upfront
- Partial upfront
- All upfront
3. Sage Maker savings plan
SageMaker Savings Plans helps you reduce SageMaker costs by up to 64%. These plans automatically apply to SageMaker usage regardless of instance family, size, component, or AWS region.
We have also other purchasing options :
On-Demand Instances
let you pay for compute capacity by the hour or second (minimum of 60 seconds) with no long-term commitments. This frees you from the costs and complexities of planning, purchasing, and maintaining hardware and transforms what are commonly large fixed costs into much smaller variable costs. Mostly No discount, have to pay actual price.
- Expected utilization
Enter the expected usage of Amazon EC2 instances
- Usage : up to 100% / if hours select range should 0 – 24 Hrs
- Usage type: Utilization Percentage /Month, Hrs/Day, Hrs/Week, Hrs/Month
Spot Instances:
- Minimize cost by leveraging EC2’s spare capacity. Recommended for fault tolerant and interruption tolerant applications.
- The historical average discount for t3.medium is 70%
- Spot Instances are available at up to a 90% discount compared to On-Demand prices.
- Assume percentage discount for my estimate : up to 100%