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Private cord blood banking costs $2,000 to $3,000 for the initial fee, and around another $100 per year for storage. While that may seem like a hefty price tag, many expectant parents may see it as an investment in their child's long-term health.rivate cord blood banking costs $2,000 to $3,000 for the initial fee, and around another $100 per year for storage. While that may seem like a hefty price tag, many expectant parents may see it as an investment in their child's long-term health.
However, regardless of whether twins are identical or fraternal, cord blood could be used to treat another ill siblingâ(WebMD.com). Cord blood banking is a process of collecting potentially life-saving stem cells from the umbilical cord and placenta and storing them for future use.