Iomega eGo 35325 1TB USB 3.0 External Hard Drive (Red) for $89.99 shipped.  Here is a screenshot for reference.  It features a 3.0 USB inerface with up to 5 GB/s external data transfer rate, 8MB cache buffer, and is backward-compatible with USB 2.0.  Most places have this external hard drive for about $99 or more.