As of June 22, 2020, a 5-year Reservation is available for the Microsoft Azure HBv2 virtual machine. The existing 1 and 3-year Reservations give an estimated 25% and 50% saving on the compute costs of the VM, and the new 5-year Reservation increases savings to approximately 67%.
The extended term reservation provides continuous access to HBv2 resources for all supported Azure regions. Terms and conditions are mostly the same as for all other types of Reserved Instances.
For further details on the 5-year Reservation option for the Microsoft Azure HBv2 virtual machine, please find the announcement here:
For further information on Microsoft Azure Reserved VM Instances (RIs), please visit: https://azure.microsoft.com/en-us/pricing/reserved-vm-instances/.