Spotting any kind of discount on storage as of late has been a bit of a monumental task, as the prices of HDDs and SSDs have only been going one way, and that's up. Seagate's 16TB Expansion Desktop External HDD is reduced to $399.99 at Newegg, a reduction of $150 from its $549.99 list price and $50 cheaper than its Prime Day price. Not only is that a bit of relief during turbulent storage times, but the price on this HDD is actually better than we saw during Prime Day earlier this month.

● Grab this external HDD deal at Newegg

The Seagate Expansion Desktop 16TB HDD is an all-in-one HDD and enclosure that offers a highly versatile plug-and-play solution for storing or backing up your precious data. Seagate ships the drive formatted to ExFAT, so it'll work with virtually any platform out of the box. Of course, you can reformat the drive to any other file system that suits your use case. This external drive has also been a popular choice for those looking to shuck the Hard Disk out of the enclosure and grab a cheaper HDD for use in a NAS or PC.

The Seagate enclosure has its own power supply, which you'll need to connect to a nearby mains socket, while using a USB 3.0 cable to connect the drive to your PC or laptop for easy drag-and-drop file transfers. Should anything happen to your drive causing it to fail, each purchase comes with Seagate's Rescue Data Recovery service included, just in case you need help to recover your data.

Shucking this drive comes with risks. There's no way to guarantee what version of Seagate HDD is inside; it might be an EXOS, or it might not. But what is guaranteed is that once you open the enclosure and start pulling drives out, your warranty becomes invalid.

If you're looking for 16TB of storage at prices cheaper than the last Prime Day, then today's Newegg deal on this Seagate Expansion Desktop HDD is one of the best storage deals currently on offer.

The AIpocolypse has consumed everything in its path, including the once-affordable high-capacity HDD. Newegg has a rare deal on a high-capacity 16TB external Seagate drive, knocking $100 off the price to bring it down to $449.99. That comes out to around $0.02 per GB, which is surprisingly sensible given HDD prices right now.

• Check out this deal on Newegg

The cheapest 16TB HDD we can find new right now is the IronWolf Pro at $599, which itself is on sale for 6% off. Around this point last year, before HDD prices started soaring, you'd be able to pick up around 28TB for $500. Now, most 16TB drives are around $700, with higher-end Exos drives pushing up above $800.

If you prefer internal storage, you can remove the enclosure, extract the drive, and put it in a case. Note that doing so will void your warranty, so although it's possible, you might want to rethink that move given how expensive HDDs are right now.

As with most external drives, the actual drive inside of the enclosure varies. Seagate doesn't list the speed of the drive inside, though many external HDDs run at 5,400 RPM. User reports online have shown both Barracuda and IronWolf Pro drives inside the Expansion Desktop, so naturally, your milage will vary.

You shouldn't expect great speeds from this drive. Most 5,400 RPM drives offer sustained sequential reads and writes around 100 MB/s. Thankfully, the USB 3.0 interface offers plenty of bandwidth to keep up with the slower drive. For long-term storage, speed shouldn't be an issue.

If you install the drive internally, you can use it for games, though you should stick to older titles. A lot of modern AAA games require an SSD, and even titles with HDD fallback like Ratchet & Clank: Rift Apart struggle on slower 5,400 RPM drives.

Seagate ships the drive formatted to ExFAT, so it'll work with virtually any platform out of the box. Of course, you're free to reformat the drive to any file system you want.

At $449, the 16TB version of this drive is the one to buy. Both the 12TB and 14TB versions are more expensive at $619.99 and $660, respectively, while the 26TB version is $1,179.99.

If you're looking for more savings, check out our Best PC Hardware deals for a range of products, or dive deeper into our specialized SSD and Storage Deals, Hard Drive Deals, Gaming Monitor Deals, Graphics Card Deals, gaming chair, or CPU Deals pages.