Last month, we discussed banking your newborn's cord blood to possibly help that child, or another relative, should they be afflicted by a life-threatening disease. The cost of privately banking the blood is upwards of $600 for the initial banking, which does not including the annual storage fees. So many people seek out public banks where they can donate the blood for the community to use as necessary.

The Today Show took on the subject last week and noted that cord blood is best used in siblings, and even then, there is only a one in four chance that the sibling will be a match.

Given all of this information, would you consider banking your baby's blood?