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Note, AWS savings plans make this even easier

^ Came here to say the above. Majority of the time the Saving Plan is actually what you want.

Unless you have legacy app you know must be around for 3 years and have zero efforts to try to refactor.

Any idea of when this product was introduced?

So is this blog post redundant?

No. Spot gives deeper discounts than savings plans do.

And you can stack them.