Comparison of Amazon EC2 Reserved Instances vs. AWS Saving Plans

When should you purchase AWS through Savings Plans and when is the best strategy to buy reserved instances?

Major considerations include:

• AWS Saving Plans are commitments to a minimum dollar/hour spend, often against a specific instance family in a specific region
• Reserved Instances are commitments to a specific amount of utilization
• Currently, only EC2 and Fargate are eligible for AWS Saving Plans
• Businesses using Reserved Instances (RIs) to save money on the cost of RDS, Redshift, and ElastiCache are not currently able to use Savings Plans against these instances
• Most enterprises should utilize a mixture of RIs and Savings Plans, especially if they have made previous RI commitments
• It is not currently possible to resell underutilized Savings Plans
• One major advantage of AWS Savings Plans is they replace the manual conversion processes traditionally associated with Convertible Reserved Instances

[edmoran]

I work for Cloudabilty and this was a great overview - well done!

[praneeth]

Thanks for the upload, finally got to understand some important insights into this

Hopefully will get to see more of such videos !!

[VikramBR-wiro]

Not clear about creating a dummy account to maximise the profit in savings plan. Saving plan is not applicable to rds, so how sql billing is involved in savings plan

[gdevelek]

Raises as many questions as it answers. No concrete example with a hypothetical scenario where these gurus would provide guidance for the optimal selection of RI/SP. No demo on the AWS console.

[hectorcarmenates]

I couldn't hear good enough one of the compere