Starting January 11th, you’ll be able to buy a new iPhone at Walmart with no contract, thanks to a deal with Straight Talk Wireless.

In 2,000+ stores and online, Straight Talk and Walmart are offering the iPhone 5 for $649 plus a $45 a month no-contract plan. That plan includes unlimited talk, text and data.

“We believe customers shouldn’t have to choose between saving money and having the latest technology,” said Seong Ohm, senior vice president of Entertainment for Walmart U.S. “Now customers can have the coveted iPhone with unlimited talk, text and data without a contract for $70 a month thanks to our exclusive Straight Talk plan and industry first financing offer.”

Here’s how it works:

Customers can purchase one of two plans – a $45 a month plan that includes unlimited calling, text, and data and a $60 a month plan that includes unlimited talk, text, and data plus unlimited international calling. Of course, both of these plans are part of Straight Talk’s no-contract service.

Of course, customers will have to buy the phones outright – no contract deal. Walmart is offering the iPhone 5 (16GB) for $649 or the iPhone 4 (8GB) for $449.

Walmrt is also offering an interest-free fixed monthly payment plan of $25 a month with a Walmart credit card.

“We are thrilled to be bringing the remarkable iPhone 5 to customers looking for one of the most advanced smartphones with one of the most affordable No Contract plans ever,” said F.J. Pollak, CEO and President, TracFone Wireless. “The advanced iPhone 5 with our unlimited $45 monthly plan and Walmart’s $25 special financing offer is a marriage made in heaven – making it the most affordable premium smartphone offer in America. With this exclusive offer the last reason for not purchasing the No Contract Straight Talk plan is gone.”