A company has a financial application that produces reports.

To store and retrieve reports that are frequently accessed during the first week and must be stored for several years, S3 Standard and S3 Glacier are suitable solutions. S3 Standard offers high durability, availability, and performance for frequently accessed data. S3 Glacier offers secure and durable storage for long-term data archiving at a low cost. S3 Lifecycle rules can be used to transition the reports from S3 Standard to S3 Glacier after 7 days, which can reduce storage costs. S3 Glacier also supports retrieval within 6 hours.