A company is storing large volumes of financial records that are frequently accessed for the first month after creation and are then rarely accessed. Compliance requirements mandate that these records must be preserved for seven years before they can be deleted. Which storage solution would be the most cost-effective for these requirements?
Utilize Amazon S3 One Zone-Infrequent Access for both immediate and long-term storage.
Store all financial records in Amazon S3 Standard to ensure availability and quick access at all times.
Use Amazon S3 Standard for immediate storage, and transition to Amazon S3 Glacier Deep Archive for long-term archival after one month.
Maintain the financial records on Amazon EFS for quick access and traditional file system interfaces.