Bank it publically or not at all, if public banking is not an option. Private banking costs a lot and takes the blood out of circulation from those who really need it. I spent thousands banking the cord blood of my three children, because the ads of the companies who profit from it made me feel like it was necessary. Then guess what happened? My second child was diagnosed with a rare blood cancer (MDS with monosomy 7) which is always fatal without a stem cell transplant. I thought, "Well at least I saved her cord blood." WRONG! When your child actually needs cord blood, the doctors don't want anything to do with her own cord blood. It's tainted. If your other children are a match, they want their marrow (rather than their cord blood), because marrow engrafts more quickly. And if your other children are NOT matches, you can't use their marrow OR cord blood. I ended up destroying my sick daughter's cord blood. Every year when I pay to keep the cord blood of my other children in storage, I don't feel positive about it, and I won't be banking this new baby's cord blood privately.
Am I against cord blood banking? Private banking--yes. Public banking (which is free, if available)--no. Public banking saved my daughter's life! Neither of my other two children were matches, and NOT EVEN ONE match for her could be found on the 7.4 million member adult bone marrow registry. She would have died without donated cord blood. Cord blood doesn't have to be matched as closely as bone marrow does, so she was able to find three matches to choose from in the public cord blood bank. I'm so grateful that the mother of the newborn donor decided to donate her son's cord blood instead of banking it privately. I feel so duped by the private cord blood banks and so thankful for the public banks. My daughter's transplant doctor has actually gone on television to speak out against private banking. My daughter is three and a half years out from her cord blood transplant and is thriving now.