Cord blood is a good source of "your own" stem cells. We do not know what is going to be possible with such cells 20 or 30 years from now; possibly unimaginable things. I would save them if I had a child. Just in case.
This was from 2017 and is basically the same as a reference I found from 2007. Has there been any actual changes in the state of the art since it was published?
https://sd25.senate.ca.gov/news/2017-06-26/california-umbili...
Unfortunately, public donations are only an option in some locations.