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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 made this for a football event…there was so much food there…but this was one that everyone commented on…they couldn’t figure out the crunch…I noticed on the video that sliced almonds were used…but I used the slivered as the recipe requested…I thought the dip was a bit on the salty side…but no one else thought so…its also delicious warmed up …but I noticed it developed a pool of grease…this made a beautiful presentation…

  2. This looks really good.
    Would either Betty Crocker’s Bac-Os or Oscar Mayer’s turkey bacon be just as good in this good in this?

    1. Yes…turkey bacon works great. See further up where I replied to someone with the same question for my tip on making turkey baco-bits

  3. I liked it cold…but the next day I heated some up and thought it was more like a Two Million Dollar Dip!! To me, it tastes way better heated up!

  4. Made this but omitted the almond slivers and green onions due to not having any. I also did not chill for 2 hours. Tried it 1st with sour cream using small amt of ingredients but it wasn’t good. Then tried it with the mayo, what a big difference, I doubled the recipe. It was a hit, had none left.

  5. I made this as a Christmas Eve appetizer and it was a huge hit. We had the leftovers on toast the next day and it was awesome that way too. I will definitely be making this again. Thanks for a great recipe.

  6. This was ok, not great. I ended up adding a little salt and pepper and then some garlic powder. I think the mayo is the problem. I’ll probably use cream cheese if I try it again.

  7. I made it last night, it was good but too salty. I think it was the mayo I used, it had 125mg of sodium in it. Can I fix this by adding some sour cream or cream cheese? Or should I toss it and start over?

  8. I made this for a party but added a few extra ingredients. Chopped Jalapeรฑos, corn and diced water chestnuts. It went so fast!!!! Made it again as a filling for tea sandwiches (because it’s phenomenal on bread too?) for a girls outing, it was the first thing to be completely consumed!!!!
    Seems best when allowed to be refrigerated overnight.
    The best!!!!

  9. I’ve made this for years – I only use Hellman’s mayo and real crumbled bacon! It’s great as a cold dip but also makes the most AMAZING stuffed mushrooms! Has an entirely different taste warmed up. We also add it to scrambled eggs!! So good!!!!!

  10. 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.

  11. 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!!