Google Drive adds option for annual payment for you to save more

If you’re anything like me, you want files stored in the cloud just so you can go from device to device and have the same resources. But I also hate monthly payments. Google seems to know that because they’ve finally added an annual payment option for those who want all the storage with none of the upkeep.

If you want to pay annually, you have two options. You can do either 100GB of storage, at $19.99 a year, or 1TB of storage at $99.99 a year. If you go with 100GB, you’ll save around 16% of what you would end up paying monthly, which comes out to around $1.99 a month. Suppose you go with the 1TB option, you’d end up saving around 17% off the monthly $9.99.

This isn’t for all of their storage options, though. Options like 10TB, 20TB, and 30TB aren’t supported at an annual rate, but they are available monthly. As is, those plans are already costing you anywhere from $99.99 a month (10TB) to $299.99 a month (30TB).

This pricing model is around level with what other cloud storage solutions provide. At 1TB for Dropbox, you’d be paying the same thing. It all comes down to which one you’ll get more use out of.

Source: Google