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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! Can’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 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.

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 35 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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Recipe Rating




253 Comments

  1. One of our Bunco Gals brought this dip to our Bunco game last night. It was a BIG HIT with all players. There was not one bite left !! #1 in our group!!

  2. 5 stars
    This is amazing and simple, I have made it 3 times and everyone has loved it! Several have asked for the recipe!

  3. As a substitute for the Mayo. You can use mashed potato and sweet potato. This is something that is a take on a Greek Skordilla dip. Look it up.

  4. 5 stars
    This recipe was super easy! I cooked a pack of bacon in the skillet and added a little bit of the bacon grease to the dip.

  5. 5 stars
    Delicious and super simple and fast to make. I’ve made it multiple of times and my family and friends request it for every gathering!

  6. 4 stars
    This recipe is similar to one I make but we use Gouda cheese and spread it on French bread and stick in the oven under broiler for a few minutes until a golden bubbly! My family goes NUTS for it!

  7. This sounds delicious and so simple to make; however, the calories per serving sounds very high. Is that accurate…3730 per serving?

  8. How much does this make? I am hosting a party for around 150 people and need to know how many times would I need to make it for that quantity. I will be serving this with other appetizer foods too.

    1. I actually wouldn’t make it too big if you are making other appetizers. This will feed about 10 to 15 people munching on it throughout one night. You can triple it or quadruple it and have enough. Not everyone will eat it and those that do won’t make it into a meal, especially if you have other appetizers going on.

    1. Yes, I would quadruple the recipe. You can even make a few different dips so you are not making just one big one if you need to. That sounds like a great party though!

  9. 5 stars
    I love any dip with cheese, bacon and green onions! Yum, if I calculate correctly off the top of my head I think this would be about 4 cups dip divided by 12 people equals about 5 TBSP or ⅓ c dip per person. That should be plenty when serving with other apps/ meal etc? I’m thinking tailgating!! Thanks Katie! I love the recipe.

  10. Hi Alyssa, put one half teaspoon cayenne pepper in your million dollar dip and taste the amazing WOW in mouth! Deliciously amazing.

  11. I made this today for a birthday party tomorrow. I used Mayo made from Olive oil and cut with some sour cream. I’m hoping the flavors blend overnight, when I first sampled it was really salty with a heavy Mayo taste. Any idea on how to dilute; I’m lenient in bringing this tomorrow.