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 answer is mixed. Banks are open on New Year's Eve in 2024 because it falls on a Tuesday this year and it is not a federal holiday. However, banks will be closed on Wednesday, January 1, in observance of the New Year's Day because that is one of several federal holidays in 2025.
As for stock market holidays – particularly for those asking "is the stock market open on New Year's" – the equities market is typically open for regular trading hours on New Year's Eve if it falls on a weekday, as it does this year, while the bond market closes early at 2 pm Eastern time. Both markets are closed for all of New Year's Day.
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 taking some of these steps to set yourself up for success in the new year.
Meanwhile, with tax season quickly approaching, don't forget to check out the newly released standard deduction amounts you can claim on your 2024 and 2025 tax returns. And while we're on the topic of taxes, be sure to familiarize yourself with these often-overlooked ways to cut your tax bill for 2024, including leveraging clean energy tax credits.
Below, we feature a full schedule of all U.S. bank holidays for 2025, which coincide with the federal holiday schedule.
Bank and federal holidays in 2025
| Date | Day | Holiday |
| January 1 | Wednesday | New Year's Day |
| January 20 | Monday | Martin Luther King, Jr. Day |
| February 17 | Monday | Presidents' Day/Washington's Birthday |
| May 26 | Monday | Memorial Day |
| June 19 | Thursday | Juneteenth National Independence Day |
| July 4 | Friday | Independence Day |
| September 1 | Monday | Labor Day |
| October 13 | Monday | Columbus Day/Indigenous Peoples' Day |
| November 11 | Tuesday | Veterans Day |
| November 27 | Thursday | Thanksgiving Day |
| December 25 | Thursday | Christmas Day |
* This is the recommended bank market holiday schedule from the Federal Reserve. This schedule is subject to change.
Related content
- Four Changes Coming for Social Security in 2025
- Key 2025 IRS Updates: What You Need to Know
- Six Year-End Deadlines for Retirees
-
Is Your Social Security Earnings Record Wrong? Here's How to Fix ItYour Social Security benefits are based on your Social Security earnings record. It's important to review your records to avoid having your benefits reduced.
-
Stock Market Today: Markets Discount Another U.S. DowngradeAfter Friday's closing bell, Moody's followed Standard & Poor's and Fitch and cut its rating on U.S. government debt.
-
Fed Leaves Rates Unchanged: What the Experts Are SayingFederal Reserve As widely expected, the Federal Open Market Committee took a 'wait-and-see' approach toward borrowing costs.
-
Blowout December Jobs Report Puts Rate Cuts on Ice: What the Experts Are SayingJobs Report The strongest surge in hiring since March keeps the Fed on hold for now.
-
Fed Sees Fewer Rate Cuts in 2025: What the Experts Are Saying
Federal Reserve The Federal Reserve cut interest rates as expected, but the future path of borrowing costs became more opaque.
-
Rebound in Jobs Growth Keeps Fed on Track: What the Experts Are Saying
Jobs Report No nasty surprises in the November payrolls data leaves a quarter-point cut in play.
-
Fed Cuts Rates Again: What the Experts Are Saying
Federal Reserve The central bank continued to ease, but a new administration in Washington clouds the outlook for future policy moves.
-
Market Reaction to Election Results: What the Experts Are SayingJobs Report Election uncertainty has been removed from the list of investors' worries, helping equities soar.
-
Jobs Growth Stalls Amid Hurricanes and Strikes: What the Experts Are SayingJobs Report A dismal October payrolls print supports the case for a slow and steady pace of rate cuts.
-
Strong September Jobs Report Puts Soft Landing in Sight: What the Experts Are SayingJobs Report A blowout reading on nonfarm payrolls takes another jumbo-sized cut to interest rates off the table.
