What are the differences between EC2 Savings Plans?

What are the differences between EC2 Savings Plans?

EC2 Savings Plans offer flexible pricing for EC2 usage. There are two main types: Compute Savings Plans and EC2 Instance Savings Plans. Compute Savings Plans provide the most flexibility, allowing you to change instance types and regions, while EC2 Instance Savings Plans are more restrictive but offer higher savings for specific instance families.

How do I choose the right Savings Plan for my needs?

To choose the right Savings Plan, consider your usage patterns. If you have predictable workloads, EC2 Instance Savings Plans might be best. For variable workloads, Compute Savings Plans offer more flexibility. Also, evaluate the commitment term and payment options that suit your budget.

Can I change my Savings Plan after purchasing?

No, once you purchase a Savings Plan, you cannot change it. However, you can purchase additional plans if your needs change.

What are the potential savings with each plan?

Savings can vary significantly. Typically, EC2 Instance Savings Plans can save you up to 72% compared to on-demand pricing, while Compute Savings Plans can save you up to 66%. It depends on your commitment term and payment options.

Are there any tools to help me estimate my savings?

Yes, AWS provides a Pricing Calculator that can help you estimate your costs and potential savings with different Savings Plans based on your usage.