# Welcome
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Savings Plans are a pricing model that offer significant savings on Amazon usage (for example, on Amazon EC2 instances). You commit to a consistent amount of usage per hour, in the specified currency, for a term of one or three years, and receive a lower price for that usage. For more information, see the [Amazon Savings Plans User Guide](https://docs.amazonaws.cn/savingsplans/latest/userguide/).

This document was last published on May 22, 2026.