While your account is suspended, you will be unable to access your data stored in the AWS services or your running Amazon Elastic Compute Cloud (Amazon EC2) instances, and any API call you make to the AWS services will fail. However, we will not immediately delete your data stored in the AWS services or terminate your running Amazon EC2 instances as a result of the suspension. Applicable data storage and usage charges will continue to accrue.
This is the AWS official statement for accounts that are suspended due to non-payment