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Save when you commit
Savings Plans is a flexible pricing model that provides significant savings on your AWS usage. This pricing model offers lower prices on AWS Compute and AWS Machine Learning. Savings Plans offer savings over On-Demand in exchange for a commitment to use a specific amount (measured in $/hour) of an AWS service or a category of services, for a one- or three-year period.
You can sign up for Savings Plans for a 1- or 3-year term and easily manage your plans by taking advantage of recommendations, performance reporting, and budget alerts in the AWS Cost Explorer.
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Pay less by using more
With AWS, you can get volume based discounts and realize important savings as your usage increases. For services such as S3 and data transfer OUT from EC2, pricing is tiered, meaning the more you use, the less you pay per GB. In addition, data transfer IN is always free of charge. As a result, as your AWS usage needs increase, you benefit from the economies of scale that allow you to increase adoption and keep costs under control.
As your organization evolves, AWS also gives you options to acquire services that help you address your business needs. For example, AWS’ storage services portfolio, offers options to help you lower pricing based on how frequently you access data, and the performance you need to retrieve it. To optimize your savings, choose the right combinations of storage solutions that help you reduce costs while preserving performance, security and durability.