Do I ditch Santander and go #fullmonzo?

I’m assuming you’re receiving cashback on direct debits so there isn’t any effort involved on your part. Given this, I don’t see any downside to keeping the account open.

Regarding pitifully low savings rates (opening post). Santander offer a 5% regular saver which is only available to their 123 Current account holders. 5% isn’t pitiful in my opinion.