How large a drive are you looking at? When you say store data, do you need fast access or simply storage that retrieval time is not important?
If you are treating an external drive as part of your day to day activities, a faster drive makes sense along with a TB enclosure or at least the full USB3 spec level enclosure (many enclosures for USB3 dont' give full spec capability so best to make sure if that is what you want, to get the full spec).
If you are simply storing data and not really a part of your normal activities, then it doesn't matter if you use a fast or slow drive or for that matter a fast connection.
If you need only a couple of terabytes, you might consider WD raptor drives striped. They used to come with a 5 year warranty but I am not sure if that is the case anymore. They consume less power than Black WD drives but are not the lowest power consumption drives out there. A nice set up might be 2-3 raptors for 2-3 terabytes (striped) along with a 3 terabyte slow drive to back up the stripes raptors. They could be housed in the same multi-bay enclosure. If you only need 1 terabyte, it still is not a bad option for one raptor drive.