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This 5 Minute Million Dollar Dip is only 5 ingredients, and let me tell you, they donโ€™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 Readerโ€™s Review

โ€œSimple to make! Plus it was a huge hit! Canโ€™t ask for anything more than that!โ€ -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 couldnโ€™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 wonโ€™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.

Letโ€™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

4.72 from 38 votes
By: Alyssa Rivers
5 Million Dollar Dip is only 5 ingredients and they donโ€™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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259 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 โ€“ itโ€™s addictive, not addicting โ€“ 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 โ€œto addictโ€, just as charming and insulting are the participle adjectives of the verbs to charm and to insult. I donโ€™t think anyone would say that you canโ€™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 sameโ€ฆ.allergy issuesโ€ฆ.I was thinking about using unsalted sunflower seedsโ€ฆ.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 Womenโ€™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 greatโ€ฆjust 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. .