Many of them are large private banks like VPBank, Techcombank, ACB, Sacombank, TPBank, and SHB.
The highest raise has been by Sacombank, which raised its rate for six-month deposits by 0.8 percentage points and nine- to 12-month terms by 0.5-0.6 points.
Other large banks have hiked their rates by 0.1-0.5 percentage points for certain terms. ABBank offers the highest rate for 12-month deposits.
But a few smaller players like SeABank and BacABank lowered their rates last month after raising them in July.
The rates have been rising since early April when the highest rate for a 12-month deposit was around 5%.
Since then the number of banks offering over 5% has more than doubled to 29.
Bank executives said the rate hikes are meant to shore up deposits in anticipation of higher credit demand later this year.
Deposits grew at a much slower year-on-year rate in the first half of this year and even declined at some banks.