AWS Savings Plans
Savings Plans¶
Savings Plans is a flexible pricing model offering lower prices compared to On-Demand pricing, in
exchange for a specific usage commitment (measured in $/hour) for a one or three-year period. AWS offers three types of Savings Plans –
| saving plan name | apply to usage |
|---|---|
| Compute Savings Plans | usage across Amazon EC2, AWS Lambda, and AWS Fargate |
| EC2 Instance Savings Plans | EC2 usage |
| AmazonSageMaker Savings Plans. | Amazon SageMaker usage |
You can easily sign up a 1- or 3-year term Savings Plans in AWS Cost Explorer and manage your plans by taking advantage of recommendations, performance reporting, and budget alerts.