The Galaxy S5. Steve Kovach/Business Insider AT&T announced today that it will sell Samsung's newest flagship phone, the Galaxy S5, for $199.99 with a two-year contract.

You can also buy the phone from AT&T without a contract for $649.99. There are also payment plans that let you pay the phone off for as little as $25 per month.

We don't have a launch date yet, but you can pre-order the Galaxy S5 from AT&T starting March 21. When Samsung first announced the Galaxy S5, it said the phone would launch globally on April 11.

However, carriers tend to control device launch dates, so things may be different in the U.S. Expect the phone to start shipping in early April.

AT&T will also sell Samsung's new smartwatches the Gear 2 and Gear 2 Neo. The Gear 2 will cost $299 and the Gear 2 Neo will cost $199.

Finally, the Gear Fit, Samsung's attractive fitness band with a curved glass display, will cost $199. The wearable devices will start shipping in early April, but there isn't a solid launch date yet.

Verizon, T-Mobile, and Sprint haven't announced their pricing for the Galaxy S5 yet, but it should be pretty close to AT&T's price. Samsung's wearable devices will probably cost the same on all carriers.

UPDATE: T-Mobile announced the Samsung Galaxy S5 will cost $0 down plus $27.50 per month for 24 months. Details here >>