- Commit a certain $ amount per hour for 1 or 3 years
- Easiest way to setup long-term commitments on AWS
- EC2 Savings Plan
- Up to 72% discount compared to On-Demand
- Commit to usage of individual instance families in a region (e.g. C5 or M5)
- Regardless of AZ, size (m5.xl to m5.4xl), OS (Linux/Windows) or tenancy
- All upfront, partial upfront, no upfront
- Compute Savings Plan
- Up to 66% discount compared to On-Demand
- Regardless of Family, Region, size, OS, tenancy, compute options
- Compute Options: EC2, Fargate, Lambda
- Machine Learning Savings Plan: SageMaker...
- Setup from the AWS Cost Explorer console
- Estimate pricing at https://aws.amazon.com/savingsplans/pricing/