Just in time for the new generation of consoles. Samsung T7 2tb (non touch) is at its lowest price ever for an Amazon US deal of the day. 22 hours left at this price at the time of posting.
Please note, PS5 owners will only be able to use this for playing PS4 titles. PS5 games require a drive to be installed internally, and they need to be whitelisted by Sony before they can be.
Edit for additional info:
You can buy the 2tb T5 for $349 currently from Bing Lee, Officeworks, etc.
Both use USB 3.1 Gen 2, which is 10Gbps. Both are also backwards compatible with USB 3.0 (5Gbps).
The SSD inside the T5 is SATA based and the SSD inside the T7 is NVMe based.
SATA tops out at 6Gbps, while NVMe can easily max out the 10Gbps USB connection.
$400 for 2TB, no f**king way