Save Money and Maintain Flexibility
For certain services like Amazon EC2 and Amazon RDS, you can invest in reserved capacity. With Reserved Instances, you can save up to 75% over equivalent on-demand capacity. Reserved Instances are available in 3 options – All up-front (AURI), partial up-front (PURI) or no upfront payments (NURI).
When you buy Reserved Instances, the larger the upfront payment, the greater the discount. To maximize your savings, you can pay all up-front and receive the largest discount. Partial up-front RI's offer lower discounts but give you the option to spend less up front. Lastly, you can choose to spend nothing up front and receive a smaller discount, but allowing you to free up capital to spend in other projects.
By using reserved capacity, your organization can minimize risks, more predictably manage budgets, and comply with policies that require longer-term commitments.
Learn More about AWS Reserved Instances
Right sizing is the most effective way to control cloud costs. It involves continually analyzing instance performance and usage needs and patterns—and then turning off idle instances and right sizing instances that are either overprovisioned or poorly matched to the workload. Because your resource needs are always changing, right sizing must become an ongoing process to continually achieve cost optimization. You can make right sizing a smooth process by establishing a right-sizing schedule for each team, enforcing tagging for all instances, and taking full advantage of the powerful tools that AWS and others provide to simplify resource monitoring and analysis.
Amazon EC2 Reserved Instances
Amazon EC2 Reserved Instances (RI) provide a significant discount (up to 75%) compared to On-Demand pricing and provide a capacity reservation when used in a specific Availability Zone.
Amazon RDS Reserved Instances
Amazon RDS Reserved Instances give you the option to reserve a DB instance for a one or three year term and in turn receive a significant discount compared to the On-Demand Instance pricing for the DB instance.
Reserved Instance Marketplace
The Reserved Instance Marketplace is a platform that supports the sale of third-party and AWS customers' unused Standard Reserved Instances, which vary in term lengths and pricing options.
Ready to get started?
Buying a Reserved Instance is easy. You can use either the AWS Management Console or API tools to complete your purchase.
Reserved DB instances are available in three varieties - No Upfront, Partial Upfront, and All Upfront - that let you optimize your Amazon RDS costs based on your expected usage.
You can purchase Reserved Instances from third-party sellers who own Reserved Instances that they no longer need from the Reserved Instance Marketplace.