Which streaming service is better: Netflix or Amazon Prime?

Amazon has launched a new stand-alone video streaming plan to compete with Netflix.

The Prime plan costs $8.99 a month, a dollar less than Netflix's new $9.99 rate.

Even though Amazon's service costs less, it may not be best option.

Deal expert Matt Granite sees how it compares to Netflix.

Watch the video above for details and follow @MattGranite for more money saving tips.

Matt Granite is a consumer reporter with WKYC in Cleveland. His videos offer tips to consumers on how to save money.

We do not get any financial compensation for mentioning any of these deals or companies. The only purpose of this segment is to save you money.