From the course: AWS Certified Advanced Networking - Specialty (ANS-C01) Cert Prep

Unlock this course with a free trial

Join today to access over 25,200 courses taught by industry experts.

Savings plans

Savings plans - Amazon Web Services (AWS) Tutorial

From the course: AWS Certified Advanced Networking - Specialty (ANS-C01) Cert Prep

Start my 1-month free trial Buy for my team

Savings plans

“

- [Narrator] We will now talk about a unique pricing model for Amazon EC2 instances that also transcends to other competing services in AWS. This type is called a savings plan. The savings plan option is a flexible pricing model in AWS that helps you save on your Amazon EC2, AWS Fargate, and AWS Lambda usage. It lowers down the prices of your Amazon EC2, Fargate and Lambda services in exchange for a commitment to a consistent usage amount that is measured in dollars per hour for a one year or three year term. What's unique about this is it doesn't just cover Amazon EC2, but also your other competing resources as well, such as AWS Fargate and AWS Lambda. A savings plan can be purchased from any AWS account, from your management account, or from the member account of your AWS organization. This option has some similarities with restrict instances as well as few differences. Just like reserve instances, the savings plan…

Contents