In a large bowl, cream butter, peanut butter and confectioners' sugar; stir in cereal. Divide dough in half. Cover and refrigerate 1 hour or overnight. Working with half of dough, scoop into tablespoonfuls and shape into 1/2-in.x2-in.-thick logs. Place on waxed paper-lined pans.
In a microwave-safe bowl, melt chocolate chips; stir until smooth. Dip or drizzle over logs. If desired, sprinkle with peanuts. Chill until set. Repeat with remaining dough. Store in an airtight container in the refrigerator.
Peanut Butter Log Tips
Can you make peanut butter logs ahead of time?
Yes, we recommend making peanut butter logs ahead of time so they can fully set in the refrigerator. Check out our other favorite make-ahead desserts.
Can you freeze peanut butter log leftovers?
The rice cereal may become soggy after defrosting, so we don't recommend freezing the peanut butter logs. Luckily, this dessert is so delicious, you'll have a hard time finding leftovers.
Can I use a nut-free peanut butter in this recipe instead?
Yes, try using sunflower butter in this recipe for a nut-free version. You can also swap in other spreads like almond, walnut or any of these healthy nut butters as a peanut butter substitute, too.