Are banks open on New Year's Eve and New Year's Day? This is a question many folks are asking as the turn of the calendar year approaches.
The short answer is no. Banks are not open on New Year's Eve in 2023. That's because it falls on a Sunday this year, and most banks are generally closed on Sundays. Banks will also be closed on Monday, January 1, in observance of the New Year's Day holiday.
As for stock market holidays – particularly for those asking "is the stock market open on New Year's" – the equities market is typically open on New Year's Eve, while the bond market closes early. Both markets are usually closed for all of New Year's Day. However, given that that New Year's Eve falls on a weekend this year, the stock market will be closed. Bond traders, meanwhile, get an extra-long weekend, with bond markets closing early on Friday, December 29, at 2 pm Eastern time.
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.
For those wondering 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.
If you're looking to take some time this holiday season to plan for your financial new year, consider these three ways to ease financial stress and create a work-life balance in 2024. Additionally, don't forget to check out the newly released standard deduction amounts you can claim on your 2023 and 2024 tax returns. And while we're on the topic of taxes, be sure to familiarize yourself with how to make the most of your year-end charitable giving, including taking advantage of donation-related tax benefits.
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 12th federal holiday by vote of Congress in 2021.
Bank holidays in 2024
| 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
- Holiday Tipping Guide: Who to Tip (And How Much?)
- 10 Best States To Relocate to in 2024
- Social Security COLA to Rise 3.2% in 2024: What To Know
-
Fed Cuts Rates Again: What the Experts Are SayingFederal Reserve The central bank continued to ease, but a new administration in Washington clouds the outlook for future policy moves.
-
Fed Goes Big With First Rate Cut: What the Experts Are Saying
Federal Reserve A slowing labor market prompted the Fed to start with a jumbo-sized reduction to borrowing costs.
-
Fed Holds Rates Steady, Sets Stage for Easing: What the Experts Are Saying
Federal Reserve The Federal Reserve left interest rates unchanged but signaled it could pivot to lowering borrowing costs sooner rather than later.
-
Fed Holds Rates Steady, Sees Just One Cut This Year: What the Experts Are SayingFederal Reserve The Federal Reserve kept interest rates unchanged and penciled in one quarter-point cut in 2024.
-
When Will the Fed Cut Rates? The Experts Weigh In
Federal Reserve The timing of the first quarter-point cut to the federal funds rate remains as opaque as ever.
-
Fed Holds Rates Steady at 23-Year High: What the Experts Are Saying
Federal Reserve The Federal Reserve struck a dovish pose even as it kept interest rates unchanged for a sixth straight meeting.
-
Are Banks Closed on Presidents' Day?Presidents' Day is almost here, which has many folks wondering if banks are open on Monday, February 19.
-
Are the Banks Open on Martin Luther King Day?MLK Day is almost here, which has many folks wondering if the banks are open on Monday, January 15.
