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This 5 Minute Million Dollar Dip is only 5 ingredients, and let me tell you, they don’t call it million dollar dip for nothing! It is so deliciously addicting and will be a huge hit wherever it goes!

If you love easy-to-make dip that can be ready in a hot minute without actually ever breaking a sweat, try Ranch, BLT, and Jalapeno Popper Dip.

Dipping crackers in million dollar dip

A Reader’s Review

“Simple to make! Plus it was a huge hit! Canโ€™t ask for anything more than that!” -BonBon

5 Minute Million Dollar Dip Recipe

I LOVE dip recipes, so when a reader sent me this recipe telling me that I have to try it, you bet that I did. With it being only 5 ingredients and taking 5 minutes to put together, I couldn’t wait to make it! And once I did, it did not disappoint.

This 5 minutes million dollar dip has mayonnaise, green onions, cheddar cheese, and bacon bits and slivers of almonds. I loved all of the ingredients in this dip, and the slivered almonds were my favorite part! They added the perfect crunch.  It is a MUST make for your next watch party or gathering. Serve it with some crackers or even make it fancy with a crostini.

Ingredients for 5 Minute Million Dollar Dip

With just a few simple ingredients, you can create make a dip that you won’t be able resist. If you want to substitute the mayonnaise, you can use Greek yogurt or even sour cream, but the mayonnaise is a key ingredient in bringing this dip together. Check out the recipe card at the bottom of the post for exact measurements.

  • Green Onions: Their mild taste and crunchy texture are perfect in this dip!
  • Cheddar Cheese: For the best results, use freshly shredded cheese.  Shredded cheese in a bag wonโ€™t mix as well with this dip, and the flavor isnโ€™t as bright.
  • Mayonnaise: Use your favorite brand since this is the base of the entire dip.
  • Real Bacon Bits: Pre-cooked bacon works great and adds to the ease of prep for this already easy dip.
  • Slivered Almonds: These slivered almonds give the dip a nutty flavor without overwhelming each bite.

Let’s Make Some Easy Dip

This 5 minute million dollar dip honestly tastes so good. Your friends and family will think it took a lot more effort to put together. Little do they know it only takes 2 quick steps to create!

  1. Mix Together Ingredients: Add green onions, cheddar cheese, mayonnaise, bacon bits, and slivered almonds to a small bowl. Then mix until fully combined.
  2. Chill and Enjoy: Refrigerate for at least 2 hours. Serve this 5 minute million-dollar dip with your favorite crackers.
Million dollar dip ingredients in mixing bowl.

Quick Tips

Upgrade your 5-minute million-dollar dip with just a few quick and easy tips! There are ways to swap out ingredients or add additional ones to change this dip up every time you make it!

  • Cheese: Freshly shredded cheddar works best in this recipe. Packaged cheese typically lacks the flavor and texture that fresh cheese has. You can substitute cheddar for aged Gouda or Gruyere.
  • Mayonnaise: You can substitute mayo for sour cream or Greek yogurt, but I have found that mayonnaise works best to achieve a perfectly creamy texture.
  • Almonds: You can chop your almonds into smaller pieces for bite-sized texture.
  • Flavor Additions: Add garlic, homemade ranch, or Italian seasoning for an extra flavor in your dip!
Crackers in million dollar dip

What to Serve With 5 Minute Million Dollar Dip

I love using bigger crackers like Ritz for this dip, but it also tastes amazing with tortilla chips and pretzels. Kettle chips are also a great pairing with their thicker texture and bite. You can make some of my quick and easy air fryer potato chips for a snack match made in heaven!

Bowl of million dollar dip with crackers.

Storing Million Dollar Dip

Storing dips is just as easy as making them. I love making dips ahead of time for parties or get-togethers and this one stores so well in the fridge. n fact, it might even taste better on day 2!

Make Ahead of Time: You can make this ahead of time and store it in your fridge in an airtight container for up to 4 days. Just give it a good stir and sprinkle it with some additional toppings to make it fresh.

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5 Minute Million Dollar Dip

4.75 from 36 votes
By: Alyssa Rivers
5 Million Dollar Dip is only 5 ingredients and they don’t call it million dollar dip for nothing! It is so deliciously addicting and will be the biggest hit wherever it goes!
Prep Time: 5 minutes
Total Time: 5 minutes
Servings: 12 people

Equipment

  • Utopia Kitchen Cooking Knives
  • Fine dine Mixing Bowls

Ingredients 

Instructions 

  • In a medium bowl, add the green onions, cheddar cheese, mayonnaise, bacon bits, and slivered almonds. Mix until combined.
  • Cover and chill for at least 2 hours.
  • Serve with your favorite crackers!

Video

Notes

Updated on May 16, 2023
Originally Posted on September 12, 2016

Nutrition

Calories: 311kcalCarbohydrates: 2gProtein: 8gFat: 30gSaturated Fat: 8gCholesterol: 38mgSodium: 437mgPotassium: 70mgFiber: 1gSugar: 1gVitamin A: 257IUVitamin C: 1mgCalcium: 154mgIron: 1mg

Nutrition information is automatically calculated, so should only be used as an approximation.

Additional Info

Course: Appetizer
Cuisine: American
Tried this recipe?Mention @alyssa_therecipecritic or tag #therecipecritic!

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About Alyssa Rivers

Alyssa Rivers is the author of 'The Tried and True Cookbook', a professional food photographer and experienced recipe-developer. Having a passion for cooking, her tried and true recipes have been featured on Good Morning America, Today Food, Buzzfeed and more.

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256 Comments

  1. I love this dip but feel like 5 green onions was too much. Next time using 2 or 3. I used leftover extra crispy bacon from breakfast which is always the way to go. Added a few dashes of Louisiana Hot Sauce. I think some diced jalapeรฑos would be a great addition to this. Will make this again and again!

  2. Looks really delicious!!! (just an fyi – it’s addictive, not addicting – addict is a noun rather than a verb.)

    1. Actually, addict can be a verb and addicting can act as the participle adjective of the verb “to addict”, just as charming and insulting are the participle adjectives of the verbs to charm and to insult. I don’t think anyone would say that you can’t describe a person as charming or a statement as insulting, and similarly it is OK to describe a recipe as addicting.

  3. I just made it so now I have to wait, lol. I am so looking forward to serving this while watching the game tomorrow. Thanks so much!

  4. This dip looks yummy! I need to make it nut-free though, due to allergies. Do you have a suggestion of a substitute for the almonds or would you just omit them?

    1. I have the same….allergy issues….I was thinking about using unsalted sunflower seeds….Just a thought I had

    2. I think some crunch is important in a dip. I would and will when i make it, substitute chopped water chestnuts fir the nuts ๐Ÿ™‚

    1. I made this dip for my Women’s group. It was very old, however, the amount of onions was overpowering! I would definitely cut it down to two or three, five was way too much.

      1. An imitation bacon usually prepared from smoked, chopped and reformed turkey and commonly marketed as a low-fat alternative to bacon. Turkey bacon can be used as a substitute for bacon too. Hope that helps!!

      2. Yes, we donโ€™t eat pork so I made my own bacon bits with turkey bacon (Costco sells a smoked turkey bacon that is great and that tyoe can be found elsewhere too). I carefully cooked up the bacon to get as crispy a texture as possible, then tore it into small pices when cool and gave it a few blitzes in the food processor to get the right bit-sized little pieces. Workes great…just be sure to not overcook or undercook the turkey bacon: overcooking will make it tough and very unpleasan, even bittert; undercooking isnโ€™t a deal-breaker but that is not such a great texture when it is too soft, and harder to work with in food processor.

  5. When first made this tasted flat & salty! After chilling overnight, it was Delicious! Put it out for a ball game & it went FIRST & FAST! Will definitely be making it again!!

  6. This sounds amazing! Wonder what half mayo half sour cream would be like in it? Maybe some finely chopped jalapeรฑo for a little kick? Am going to try this for sure.

  7. so how much does this dip create. I am going to our pastors small wedding reception at the church and am bringing a cheese ball with crackers might have to make this along with it as another dish. .