What are the benefits of EC2 Savings Plans?
An example of an AI chatbot conversation about EC2 Savings Plans benefits.
What are the benefits of EC2 Savings Plans?
EC2 Savings Plans offer significant cost savings on your AWS usage. They provide flexibility and can reduce your compute costs by up to 72%.
How do they compare to Reserved Instances?
Savings Plans are more flexible than Reserved Instances. They allow you to change instance types and regions without losing your savings.
Are there any commitments involved?
Yes, Savings Plans require a commitment to a specific amount of usage (measured in $/hour) for a one or three-year term.
Can I apply them to existing instances?
Yes, Savings Plans apply automatically to your eligible usage, including existing instances, as long as they match the plan's criteria.
What happens if I exceed my committed usage?
If you exceed your committed usage, you'll be charged at the on-demand rates for the additional usage.
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