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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. We have a nut allergy so wondering if thereโ€™s any ideas of a substitute to add in or has anyone had it without the nuts. Also wondering if anyones tried it with cream cheese or sour cream or maybe even a mixture of both instead of Mayo ?

  2. This is delicious! Iโ€™ve made this over and over at the request of my friends. I accidentally baked it without thinking the third time, ha, and it was even more yummy!

  3. I followed the recipe exact and mine turned out super salty. Could it have been the bacon? I used the Black Label Hormel real bacon bits.

    1. This dip is best when it’s made fresh! You can refrigerate it for a few days, though after you make it!

  4. 5 stars
    I accidentally baked it the second time that I made it. Everyone loved it. They liked it much better then cold. It had such a wonderful burst of flavors when baked. Now itโ€™s expected of me to make this dip for every occasion. ๐Ÿ™‚

      1. Oh no! I’m so sorry. This dip is one of my favorites! You should try out a few other ones and see if you like them better!

  5. 5 stars
    I know this as Neiman Marcus Dip, identical
    I’ve been making it for years, literally the quickest appetizer to pull together for any occasion or to bring to someone’s house at the last minute. I do like the suggested additions though

  6. 1 star
    Made this for a party & nobody liked it, they all thought it was very bland. The recipe was followed exactly as written. Definitely will not be making again.

  7. This sounds wonderful and easy (which I need in my life)!
    My question isโ€ฆ.. can you substitute the mayo for sour cream? Just the thought of mayo turns my stomach
    Thank you in advance for answering

    1. You can try sour cream or greek yogurt! Those are common substitutes for mayo. The taste may be a little bit different but it will still be delicious!

  8. 5 stars
    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!!

  9. 5 stars
    Can the almonds be substituted with walnuts or pecans? I cannot eat almonds, and I really want to try this dip!

  10. Absolutely one of my go to dips. Sometimes I switch it up. It is wonderful with horseradish. As much as you like.

  11. 5 stars
    Iโ€™ve made this many of times for my client lunch and learns. They always end up asking for the recipe so I make sure to print off some and leave it next to the dish. I omit the almonds when doing it for a public event and itโ€™s still delicious!

  12. 5 stars
    I just made this for the festivities after our Church Christmas play tonight. It is simply marvelous. I did add ranch flavoring and a little onion powder because I was short on green onions.