The latest Verizon deals can now save you up to $1,200 on an iPhone 12 or Galaxy S21

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The latest Verizon deals have switched up recently to include what's probably the biggest saving yet from the carrier. Right now, if you're interested in a new iPhone 12 for example, you can combo together a maximum trade-in saving of up to $700 with an additional $500 new customer bonus for not only a free device but some leftover change too.

And it's not only the iPhone 12, iPhone 12 Pro, and iPhone 12 Pro Max (see here) which are available under these terms - discounts are also available on the Galaxy S21 series devices too. In fact, the maximum trade-in rebate for these devices is even higher with an additional $100 on top.

This latest promotion replaces the very popular '5G upgrade' program from Verizon, which allowed existing customers to trade in for a saving of up to $800. Unfortunately, the latest deals aren't quite as generous for existing customers, but they are way, way better for those looking to make the switch.

While the combination of a trade-in and switch is fairly hard to pull off for most, it's worth bearing in mind that these savings are both exclusive of one another so you don't have to do both to get a discount. Existing customers can also keep their line and upgrade for a saving of up $440 on these devices with a trade in - which now also includes the option to hand over devices with broken screens.

If you're not looking to switch or trade then there are also plenty of other Verizon deals to check out this weekend, including a free iPhone 11 or Galaxy S20 FE. We've included details on these promotions just below.

The latest Verizon deals

Apple iPhone 12: save up to $1,200 with a trade-in, switch, and new plan at Verizon
New customers can not only bag a free iPhone with this week's Verizon deals but have more than a little change left over to boot. Eligible with a new unlimited data plan and trade-in is an individual saving of up to $700 off your device. Bundle that on top of an additional $500 credit that you'll receive for switching over from another carrier and you'll easily cover the cost of the device. Note, this deal is also available on the iPhone 12 Mini, iPhone 12 Pro, and iPhone 12 Pro Max.

Samsung Galaxy S21:save up to $1,300 with a trade-in, switch, and new plan at Verizon
More interested in Android? You can get an even bigger saving by opting for a Samsung Galaxy S21 with this week's Verizon deals. The terms are the same here - trade in a device and pick up an S21 with a new plan to get a saving of up to $800 and then get an additional $500 credit with a switch. The trade-in plus new plan combo is actually enough to cover the entire device here, and, this deal is also available on the Galaxy S21 Plus or Galaxy S21 Ultra if you'd prefer.

Other great Verizon deals to consider

See more: see all of Verizon's deals on handsets this weekend

If you're interested in the latest iPhones but want to see what other carrier's are offering, head on over to our main best iPhone deals page for more. For Android devices, see this week's best cell phone deals for a rundown of the best prices on Samsung, Google, and OnePlus devices.

Alex is deals editor at TechRadar. With over three years of experience on-site and eight years working in e-commerce, Alex has made it his personal mission to share all his favorite tips, bargains, and deals with our readers here at TechRadar. At work, he specializes in computing, phones, and covering huge sales events like Black Friday and Amazon Prime Day. Outside of work, you'll find him indulging his keen love of photography and PC gaming, or down at the local climbing gym hanging off boulders far too difficult for his abilities. His editorial bylines also include contributions to T3 and GamesRadar.