5 Minute Million Dollar Dip

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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

5 Minute Million Dollar Dip Recipe

Can I just say how much I love my readers and fans? I hope you know how much I appreciate all of your amazing comments and support in keeping this blog going. I especially love when readers send me messages and recipes that they want me to try. This recipe was sent to me from a reader telling me that I have to try it!  With it being only 5 ingredients and taking 5 minutes to make, I couldn’t wait to make it!

This dip has mayonnaise, green onions, cheddar cheese, and bacon bits. If you are looking to substitute the mayonnaise you can use greek yogurt, or even sour cream, but the mayonnaise is a key ingredient in bringing this dip all together. I loved all of the ingredients in this dip and the slivered almonds were my favorite part! They added the perfect crunch to this dip.  It is a MUST make for your next watch party or gathering. Everyone won’t be able to get enough of it! You will quickly see why it is called a Million Dollar Dip!

Ingredients for Million Dollar Dip

With just a few simple ingredients you can create some major deliciousness!

  • 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 won’t mix as well with this dip and the flavor isn’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.

How to Make Million Dollar Dip

This 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. Mix until fully combined.
  2. Chill and Enjoy: Refrigerate for at least 2 hours. Serve with your favorite crackers.
Million dollar dip ingredients in mixing bowl.

Million Dollar Dip Quick Tips

Upgrade your dip with just a few quick and easy tips!

  • 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 in garlic, homemade ranch or Italian seasoning for an extra burst of 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!

Storing Million Dollar Dip

Storing dips is just as easy as making them. I love having dips on hand for when I get late night munchies because you can eat them straight out of the fridge! Your dip will stay good for up to 4 days in an airtight container.

Bowl of million dollar dip with crackers.

5 Minute Million Dollar Dip

4.72 from 28 votes
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
Author Alyssa Rivers
Servings: 12 people

Ingredients
  

  • 5 green onions chopped
  • 8 oz cheddar cheese shredded
  • cups mayonnaise
  • 1/2 cup real bacon bits
  • 1/2 cup slivered almonds

Instructions
 

  • Add green onions, cheddar cheese, mayonnaise, bacon bits, and slivered almonds to a small bowl. Mix until combined and chill for at least 2 hours. Serve with your favorite crackers.

Video

Notes

Updated on June 27, 2021
Originally Posted on September 12, 2016

Nutrition

Serves: 12

Calories311kcal (16%)Carbohydrates2g (1%)Protein8g (16%)Fat30g (46%)Saturated Fat8g (40%)Cholesterol38mg (13%)Sodium437mg (18%)Potassium70mg (2%)Fiber1g (4%)Sugar1g (1%)Vitamin A257IU (5%)Vitamin C1mg (1%)Calcium154mg (15%)Iron1mg (6%)

All nutritional information is based on third party calculations and is only an estimate. Each recipe and nutritional value will vary depending on the brands you use, measuring methods and portion sizes per household.

Course Appetizer
Cuisine American
Keyword 3 ingredient fruit dip, Million dollar dip, million dollar dip recipe
Tried this recipe?Mention @alyssa_therecipecritic or tag #therecipecritic

A Reader’s Review

“Simple to make! Plus it was a huge hit! Can’t ask for anything more than that!” -BonBon

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Alyssa Rivers

I am Alyssa and the blogger behind The Recipe Critic. I started my blog in June of 2012 as a place to share my passion for cooking. I love trying new things and testing them out with my family.

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  1. I’m going to make this dip for an upcoming football game and I’m going t add some garlic salt and some jalepenos, for kick.

  2. I make this all the time. I use fewer onions and I don’t use almonds. It’s so quick to put together and so yummy!!

  3. 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 jalapeños would be a great addition to this. Will make this again and again!

  4. 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.

  5. 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!

  6. 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 🙂

    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 don’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 isn’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.

  7. 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!!

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

  9. 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. .

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