What are the differences between AWS Savings Plans and Reserved Instances?
An example of an AI chatbot conversation about AWS Savings Plans and Reserved Instances.
What are the differences between AWS Savings Plans and Reserved Instances?
AWS Savings Plans offer flexible pricing for EC2 usage, while Reserved Instances provide a specific instance type at a discounted rate.
Which one is better for a startup with fluctuating workloads?
Savings Plans are generally better for startups with variable workloads due to their flexibility in instance types and regions.
Can I switch from Reserved Instances to Savings Plans?
Yes, you can purchase Savings Plans at any time, but you cannot convert existing Reserved Instances to Savings Plans.
What are the cost savings for each option?
Savings Plans can save you up to 72% compared to on-demand pricing, while Reserved Instances can save you up to 75%, depending on the commitment.
Are there any limitations I should be aware of?
Yes, Savings Plans have specific terms and conditions, such as commitment duration and payment options, which you should review.
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