Yes. Instead of paying hourly On-Demand rates, you can switch a server to Reserved billing on a longer interval and pay in advance at a lower rate.
To convert a server:
- Open your server from Services > Servers.
- Click the gear icon next to the billing mode (shown as On-Demand) to open Convert to Reserved Billing.
- Set the Billing Interval to Semi-Annual or Annual, then click Convert to Reserved.
The dialog shows exactly how much you save versus On-Demand. Your hourly billing stops immediately and your first reserved cycle starts that day. Note that converting to reserved billing is permanent and cannot be undone.