No Bake Peanut Butter Caramel Icebox Cake

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This no-bake cake starts with a flavor explosion of peanut butter, caramel and chocolate. What could possibly be better? How about a simple recipe with mind blowing results? This fabulous cake is stacked with layer upon layer of sweet and salty creamy peanut butter filling, cream and chocolate cookies. After a trip to the fridge the layers become this incredibly moist and creamy cake… all without ever turning the oven on.


Now if you will excuse me, I need to take a moment to collect my thoughts (and be alone with the last piece of this divine dessert).

My family has been eating Skippy Peanut Butter as long as I can remember. We are a peanut butter household. Whether is it a simple pb&j sandwich, an apple and peanut butter snack, Extreme Peanut Butter Fudge Brownies that leave this house by the truckload or just a spoonful for the heck of it, we our Skippy. Truth be told I have a really great supply of Skippy on hand at all times.  You know, back ups in case we run out and then we have back ups for our back ups just to be sure. LOL


Peanut Butter Caramel No-Bake Icebox Cake

So, I got to work on this fabulous Peanut Butter Caramel No-Bake Ice Box Cake. What is a better flavor combination than peanut butter and chocolate? Peanut butter, caramel and chocolate. Oh my goodness.  It is insanely delish. Layer upon layer of fabulous flavors. I mean look at those scrumptious layers. Peanut butter caramel cream, fresh whipped cream and chocolate graham crackers topped with chocolate, caramel and nuts (because this girl likes some crunch).

This simple recipe is no-bake and only takes a handful of ingredients. Chill it for a few hours or overnight. We like to store it in the freezer and it is the perfect make ahead dessert. Scrumptious and wholly impressive.

Speaking of simple recipes, of course our new cookbook {The Simple Kitchen – available to order now}is packed with delicious, easy recipes.

The Simple Kitchen is loaded with more than 75 BRAND NEW recipes and a hand full of family favorites too.

8 chapters with a total of 82 quick and easy recipes that are bursting with flavor!!!

Every recipe has a photo that will make your mouth water. It has slow cooker meals, one-pot recipes, quick dinners, simple appetizers, desserts and more!!!

And we have included kitchen tips to make dinnertime less stressful.

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With love from our simple kitchen to yours. 

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Check out more of our favorite no-bake recipes:   

Strawberry Shortcake No-Bake Icebox Cake

The Extreme Reese’s Peanut Butter No-Bake Pie

No-Bake Avalanche Cookies 

Lucky Charms No-Bake Pie

Lemon Cloud  No-Bake Icebox Cake

peanut butter caramel no bake cake

Peanut Butter Caramel No-Bake Icebox Cake

Donna Elick
This no-bake cake starts with a flavor explosion of peanut butter, caramel and chocolate. What could possibly be better? How about a simple recipe with mind blowing results? This fabulous cake is stacked with layer upon layer of creamy peanut butter filling, cream and chocolate cookies. After a trip to the fridge the layers become this incredibly moist and creamy cake… all without ever turning the oven on.
4.50 stars from 2 reviews
Tried this recipe?Please comment and review!
Prep Time 25 minutes
Chill Time 4 hours
Total Time 4 hours 25 minutes
Course Dessert
Cuisine American
Method No Bake
Servings 12


  • 2 cups heavy whipping cream
  • 1 3/4 cups powdered sugar, divided
  • 1 teaspoon pure vanilla extract
  • 8 ounces cream cheese, softened
  • 15 ounce jar creamy peanut butter
  • 10-15 chocolate graham crackers
  • 4 ounces chocolate shell ice cream topping, check out our homemade version here
  • 2 tablespoons caramel topping
  • 1/4 cup honey roasted peanuts, chopped


  • In a tall bowl whip heavy cream with an electric mixer until you can start to see a defined trail through the cream. Add vanilla and slowly add 3/4 cup powdered sugar. Whip until stiff peaks form. (In other words when you turn off the blender and lift the beaters out of the cream, the cream stand up on the end of the beater). Place in the refrigerator while you prepare the remaining ingredients.
  • To prepare the filling: Combine cream cheese, peanut butter and 1 cup powdered sugar in a large mixing bowl. Beat with an electric mixer until light and fluffy (about 3 minutes). Fold in 1/2 of the whipped cream until it is completely incorporated. Set aside.
  • Line a 9 x 5-inch baking dish with parchment paper or plastic wrap. Layer 1/3 of the peanut butter cream on the bottom of the pan. Smooth into an even layer. Add 1/3 of whipped cream on top of the peanut butter cream and use spatula to smooth into an even layer. Top with a layer of graham crackers, breaking them if necessary to make them fit.
  • Repeat the layers 2 more times, ending with graham crackers. They will slightly peek over your baking dish.
  • Cover and refrigerate 3-4 hours or freeze for 1-2 hours.
  • Remove cake from refrigerator or freezer, invert pan onto a plate. Pour chocolate shell topping onto cake (starting at one end and working to the other). While you are pouring, use an offset spatula to smooth and help the chocolate drip down the sides. Keep in mind the chocolate will harden so you must work fast.
  • Drizzle the chocolate top with caramel and sprinkle with chopped peanuts.
  • Refrigerate until ready to serve or serve immediately.
  • Enjoy!


Serving: 1 | Calories: 589cal | Carbohydrates: 45g | Protein: 12g | Fat: 42g | Saturated Fat: 17g | Cholesterol: 64mg | Sodium: 357mg | Sugar: 31g | Fiber: 3g | Calcium: 81mg | Iron: 1mg

All nutritional information is based on third party calculations and is only an estimate. Each recipe’s nutritional value will vary depending on the ingredients used, measuring methods, and portion sizes.

Tried this recipe?Let us know how it was!

Originally published 2/20/15

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  1. I want to make this for an auction at my boys school (certainly has WOW factor). When I looked on-line to see where to purchase the Salted Carmel peanut butter, I couldn't find it in my area. What do you recommend as a substitute?

    1. It does have a wow factor for sure. I gave one of my test cakes to a friend (we can't eat all that) and she wrapped it up to give it as a birthday gift. It is really impressive looking and ooooh so good.

      That said, I have also tested this recipe with Skippy Natural Honey Roasted Peanut Butter Creamy and it was phenomenal. The Skippy Peanut Butter Spread with Salted Caramel Creamy will be more widely available in the coming weeks. Enjoy and let us know how it goes and what the cake goes for at auction. Wishes for an impressive looking cake that bring the school a great big bid!

    2. I ended up using Honey peanut butter – couldn't find Honey Roasted. They combined my cake with other items in a basket. That basket auctioned off for $105.00! In hinesight, we should have auctioned it separately (a loaf of whole wheat bread went for $80!). But it all worked out well. The dinner and auction brough in $1,900.00 so we were pleased. I didn't get any of the cake so now I will have to make another one. One word of advice – I used plastic wrap to line my pan and it wouldn't come out. I had to put it in a hotwater bath to soften it up. Also the chocolate shell topping didn't work very well – it came out in globs even thought I shook it well. Next time I'll make my own with your recipe 🙂

  2. Oh MY! I have died and gone to chocolate peanut butter caramel heaven!! Now I need to hunt down that peanut butter

  3. no place sells Skippy Peanut Butter Spread with Salted Caramel Creamy near me (not even eBay or and wanted to know what you suggest?

  4. Oh, my! I am seriously drooling over this awesome cake! I have been looking all over for this peanut butter, but it still isn't in my area! Sad face!!! I can't wait to dig into a jar with a spoon!!!

  5. Coldest most miserable weekend of the year started a few hours ago. I still want this cake! Not going back to the store this weekend, but my birthday is coming soon. This could take the sting out of that, especially if I don't have to share much.

  6. I made "fancy" chocolate peanut butter tartlettes this weekend that were a huge success. And this recipe has all the same goodness without much of the trouble – I'm sold!

  7. I can't even form the words right now to tell you how badly I wished you lived next door to me. Or even in the same house would be fine. And tell the Skippy people that I NEED this flavor to become available like yesterday. OMG. Pinned and drooled over.

  8. I realllly hope I find the Salted Caramel Skippy in me area soon! All of these recipes I've seen make me want to curl up with a jar and a spoon. This cake looks AMAZING!! Pinned to me Chocolate & Peanut Butter Obsession Board!

  9. After 3 stores I called mfr…..the peanut butter will not be on the market until mid to late March 2015……I am making it with the honey roasted for now!!! It looks wonderful!!!

  10. Mmm I love Skippy peanut butter! And peanut butter anything, really. I can't wait until my stores start carrying the new salted caramel PB (because I keep looking and nothing so far)

  11. I was out of graham crackers, unbelievable, huh? So had some chocolate wafers which I used instead – fantastic!! Delicious!!

  12. 5 stars
    Can’t have too much of this as it’s so rich and sweet, but it tastes absolutely amazing. I’ll be making this again.

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