What are the differences between AWS Reserved Instances and On-Demand Instances?
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What are the differences between AWS Reserved Instances and On-Demand Instances?
AWS Reserved Instances provide a significant discount compared to On-Demand Instances in exchange for a commitment to use a specific instance type for a one or three-year term. On-Demand Instances, on the other hand, allow you to pay for compute capacity by the hour or second, with no long-term commitment.
When should I choose Reserved Instances over On-Demand?
You should consider Reserved Instances if you have predictable workloads and can commit to using AWS for a longer period. They are ideal for applications with steady state usage.
Are there any downsides to using Reserved Instances?
Yes, the main downside is the commitment. If your needs change, you may end up paying for capacity you don't use. Additionally, they require upfront payment, which might not be ideal for all budgets.
Can I change my Reserved Instance type later?
Yes, you can modify your Reserved Instances to a different instance type or region, but this may depend on the specific terms of your reservation.
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