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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. This dip is so yummy! I had the original recipe at a friendโ€™s house. Today I made it myself but changed the almonds to water chestnuts sliced into sticks( my daughter has a nut allergy). The result was excellent! Still has a crunch from the water chestnuts. We all loved it and so easy to make.

    1. Hi Ellen!

      Thanks for the comments and feedback. I am so happy that you loved the dip. It is one of my favorites. I am glad that you were able to make a substitution that fits your daughters needs. Thanks for following along! xoxo

  2. I made this today (Christmas Day) to take for dinner at my cousins house. I was looking for something quick and easy. The reviews said it was great but I was doubtful – it looked kind of odd but I had all the ingredients so I gave it a go. OMG – Everyone loved it! The 14 year old teenager ate almost the whole bole! She loved it and everyone else did. This is definitely a keeper. I only have one complaint – when I got home and went to check the recipe to put in my recipe file I couldn’t find it – I couldn’t find it under appetizers – or did I just miss it? Either way, it’s a 5 star keeper for me!

      1. Exactly Miracle Whip is not mayonnaise, I cut the top of the green onion off, and about 1/4 inch off the green part

    1. I have made this dip several times do not freeze it it has mayonnaise and don’t freeze it you will ruin it also when you use the green onions use the white part as well as the green part cut the top of the white part off and cut probably about an inch of the green part I dice mine up really fine so if you’re not using the white part you’re making a big mistake

  3. I don’t have any almonds, so I thought about using pecans. What do you think? Also, would you toast them before putting them in to add too the crunch?

    1. That sounds great! It will add a different texture and flavor but will taste great too. Let me know what you think! XOXO

  4. Hello. My favorite mayo to use is Miracle Whip because of the sweet taste. What mayo did you use or heard of others using?

    1. I love the taste of miracle whip but mayo is always a classic too. I like mayo a little better but it is more of a preference of taste. It does make a difference. Hope that helps! XOXO

    2. In my opinion, Miracle Whip is not mayonnaise. I wouldnโ€™t use anything but โ€œrealโ€ mayo in this recipe. My favorite brands of it are Hellmanโ€™s and Dukeโ€™s. Just my two cents…

      1. 5 stars
        Good Morning;
        I am a huge Miracle Whip user, it gives recipes a much better taste, I have made this several times with miracle whip,it is a big hit,I made it for a Halloween party this year ,I doubled the recipe,there was maybe a half cup left.

  5. I just made this for “Dip Day” at work tomorrow, and after I tasted it I kept out a little to have for dinner with zucchini chips (plain dehydrated zucchini slices) and cherry tomatoes. I think it is pretty paleo/keto also, if I’m not mistaken.

    Anyways, I love it! Thank you for sharing the recipe!

  6. Delicious dip and easy to make. 1/2 cup of bacon bits equaled 1/2 pound of bacon. I used 1 Cup of Mayo (with olive oil) and 1/2 cup Greek Plain Non-fat yogurt. Brought it to a gathering hosted by a former caterer from Spain. She loved it and asked for the recipe. Thanks!

  7. I made the dip this morning. I just tasted it and it is very salty. Is there anything I can add to take some of the salt out?

    1. Low sodium bacon, can substitute 1/3 of the mayo for sour cream, it will give a lighter~brighter flavor and still get the mayo aspect.

      1. Hellman’s mayonnaise although miracle whip could work but it will give it a different flavoring.

  8. Hi Alyssa. I can wait to make this dip!! Love Dips. One ?, can we freeze? Read all comments and the dip was always gone to fast. Thanx

    1. I have not tried to freeze this dip but it should be okay if done properly. Thanks so much for following along with me! XOXO

  9. Every time I make this I am asked for the recipe by multiple guests!! It is a sure winner. I do add some garlic powder and some hot sauce to spice it up again and serve with wheat thins! I have also substituted creamed cheese for the mayonnaise. Best Foods /Helms Mayonnaise works best!!
    It is easy and expensive and always turns out perfectly.