Savings Plans

What are Savings Plans?

AWS Savings Plans is a pricing model that allows users to commit to a certain amount of usage of EC2 instances or Fargate containers over a one or three year term, in exchange for a discount on the on-demand rate of those resources. It is a flexible and easy-to-use way to save up to 72% on AWS compute usage.

What do Savings Plans Cover?

	Savings Plan TypeCovered Services
Compute Savings Plan	EC2 (any instance type), AWS Lambda, AWS Fargate
EC2 Instance Savings Plan	EC2 (specific instance family in a chosen region)
SageMaker Savings Plan	SageMaker ML instances

What if I had Savings Plans from the past?

If you have Savings Plans from the past, those Savings Plans will continue to apply to your eligible usage, and you will continue to receive the associated discounts until the end of their term.

Any unused Savings Plan spend from past Savings Plans will also continue to be available to offset eligible usage charges within the same instance family, size, and region covered by the Savings Plan. If you have previously purchased Savings Plans, we will make our best effort to allocate them to our customers, but we cannot guarantee that we will be able to do so.

What happens to my unused savings plan spend?

If you have Savings Plans from the past, those Savings Plans will continue to apply to your eligible usage, and you will continue to receive the associated discounts until the end of their term.

Any unused Savings Plan spend from past Savings Plans will also continue to operate as normal and be able available to offset eligible usage charges within the same instance family, size, and region covered by the Savings Plan. If you have previously purchased Savings Plans, we will make our best effort to allocate them to our customers, but we cannot guarantee that we will be able to do so.

Where do I see these savings on AWS console?

To see the savings you have made with AWS Savings Plans > Cost Explorer console > Savings Plans tab, which will show you a breakdown of your savings by plan, region, and usage type.

You can also view your savings in the AWS Billing and Cost Management dashboard, where you can download a Savings Plans utilization report to get a detailed breakdown of your usage and savings.

What is this Savings Plan field in my Pump Dashboard?

As we buy you Savings Plans, your on-demand AWS spend composition will decrease while your savings plans spend will increase. A good example is if you previously had $1,000 in AWS on-demand spend, and we bought you a savings plan with a 50% discount rate to cover $800 on-demand spend. Your Pump Dashboard would now show on-demand spend of just $200, while there would be a $400 dollar savings plan line item in your dashboard. In conclusion, we saved you $200.