Are banks open on Memorial Day in 2024? That's a question plenty of folks are asking just ahead of the holiday that commemorates fallen military personnel. The answer is no, banks are not open on Monday, May 27.
The federal holiday also unofficially marks the start of summer vacation season. According to AAA, travel demand is expected to be "very busy" this summer. For Memorial Day, specifically, AAA estimates 43.8 million Americans will travel 50 miles or more from where they live, up 4% over last year and just shy of 2005's record of 44 million travelers.
Anyone planning to travel this summer can certainly find plenty of deals. Kiplinger editors recently highlighted three ways to save on booking a cruise. Additionally, those looking for a cheap getaway might want to consider these great deals on family vacations.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Outside of travel, there are plenty of Memorial Day deals and discounts for consumers, including on several Apple (AAPL) products at Best Buy (BBY).
The stock market is closed on Memorial Day too
Bankers are not the only ones who get to enjoy an extended weekend. For those wondering "is the stock market open on Memorial Day," the answer to that is no. Memorial Day is one of many stock market holidays in 2024. Bond traders also get the day off, though their long weekend starts early. Specifically, bond markets will close at 2 pm Eastern on Friday, May 24.
For those curious about what time does the market open for regular trading hours, both the Nasdaq Stock Market and the New York Stock Exchange (NYSE) are open from 9:30 am to 4:00 pm Eastern time Monday through Friday.
Below, we feature a full schedule of all U.S. bank holidays for 2024. Please note that the list includes Juneteenth – the June 19 holiday commemorating the end of slavery – which became the 11th federal holiday by vote of Congress in 2021.
2024 bank holidays
| Date | Day | Holiday |
|---|---|---|
| January 1 | Monday | New Year's Day |
| January 15 | Monday | Martin Luther King, Jr. Day |
| February 19 | Monday | Presidents' Day/Washington's Birthday |
| May 27 | Monday | Memorial Day |
| June 19 | Wednesday | Juneteenth National Independence Day |
| July 4 | Thursday | Independence Day |
| September 2 | Monday | Labor Day |
| October 14 | Monday | Columbus Day/Indigenous Peoples' Day |
| November 11 | Monday | Veterans Day |
| November 28 | Thursday | Thanksgiving Day |
| December 25 | Wednesday | Christmas Day |
* This is the recommended bank market holiday schedule from the Federal Reserve. This schedule is subject to change.
Related Content
-
RFK Jr. Now Heads HHS: How Medicare and Your Retirement May ChangeRobert F. Kennedy, Jr. was confirmed today to head up Medicare. Here are five ways his leadership might change your retirement.
-
Are Thousands of Armed IRS Agents Headed to the U.S.-Mexico Border?IRS Enforcement The Trump administration is considering a controversial move to redeploy some IRS agents.
-
Galentine's Day: A Time to Promote Financial Literacy Among FriendsHere are three things women can do to help their friends gain financial knowledge and confidence.
-
CPI Report Puts the Kibosh on Rate Cuts: What the Experts Are Saying About InflationCPI Consumer price inflation reared its ugly head to start the year, dashing hopes for the Fed to lower borrowing costs anytime soon.
-
Should You Get a Home Warranty?A home warranty could lower your expenses for certain repairs, but you should weigh whether paying the premium is worth it.
-
How to Use Good Debt (While Identifying and Avoiding Bad Debt)Not all debt is bad, but knowing the difference between good debt and bad debt and how to use them can help you get ahead financially and stay ahead.
-
Four Potential Tax Changes to Keep Your Eye OnMany taxpayers may be surprised by a larger tax bill if the TCJA isn't extended. Check out these proactive strategies to help mitigate some of the impacts.
-
What Can Happen if You Live Together Without a Cohabitation Agreement?Lots of people live together without being married, and there's nothing wrong with that, but if things go south or one partner dies, complications can ensue.
-
Toyota Recalls More Than 140,000 Vehicles Including Lexus SUVsToyota issued a recall affecting Tacoma and Camry models, as well as the Lexus RX and NX vehicles.
-
Extra Cash? Should You Pay Off Debt or Invest?Depending on your financial situation, you might benefit from paying off debt, investing or both. Here are some things to consider before deciding.
