diff --git a/README.md b/README.md
index 0e006716..943e5a29 100644
--- a/README.md
+++ b/README.md
@@ -26,12 +26,12 @@ Add the following Maven dependency:
 <dependency>
     <groupId>io.zonky.test</groupId>
     <artifactId>embedded-postgres</artifactId>
-    <version>2.1.1</version>
+    <version>2.2.0</version>
     <scope>test</scope>
 </dependency>
 ```
 
-The default version of the embedded postgres is `PostgreSQL 14.19`, but you can change it by following the instructions described in [Postgres version](#postgres-version).
+The default version of the embedded postgres is `PostgreSQL 14.20`, but you can change it by following the instructions described in [Postgres version](#postgres-version).
 
 ## Basic Usage
 
@@ -73,7 +73,7 @@ independent databases gives you.
 
 ## Postgres version
 
-The default version of the embedded postgres is `PostgreSQL 14.19`, but it can be changed by importing `embedded-postgres-binaries-bom` in a required version into your dependency management section.
+The default version of the embedded postgres is `PostgreSQL 14.20`, but it can be changed by importing `embedded-postgres-binaries-bom` in a required version into your dependency management section.
 
 ```xml
 <dependencyManagement>
@@ -81,7 +81,7 @@ The default version of the embedded postgres is `PostgreSQL 14.19`, but it can b
         <dependency>
             <groupId>io.zonky.test.postgres</groupId>
             <artifactId>embedded-postgres-binaries-bom</artifactId>
-            <version>17.6.0</version>
+            <version>18.1.0</version>
             <type>pom</type>
             <scope>import</scope>
         </dependency>
@@ -99,7 +99,7 @@ The default version of the embedded postgres is `PostgreSQL 14.19`, but it can b
          configurations.all {
               resolutionStrategy.eachDependency { DependencyResolveDetails details ->
                   if (details.requested.group == 'io.zonky.test.postgres') {
-                     details.useVersion '17.6.0'
+                     details.useVersion '18.1.0'
                  }
              }
          }
@@ -107,7 +107,7 @@ The default version of the embedded postgres is `PostgreSQL 14.19`, but it can b
   2. If you use Gradle 5+, [Maven BOMs are supported out of the box](https://docs.gradle.org/5.0/userguide/managing_transitive_dependencies.html#sec:bom_import), so you can import the bom:
   
          dependencies {
-              testImplementation enforcedPlatform('io.zonky.test.postgres:embedded-postgres-binaries-bom:17.6.0')
+              testImplementation enforcedPlatform('io.zonky.test.postgres:embedded-postgres-binaries-bom:18.1.0')
          }
   
   3. Or, you can use [Spring's dependency management plugin](https://docs.spring.io/dependency-management-plugin/docs/current/reference/html/#dependency-management-configuration-bom-import) that provides Maven-like dependency management to Gradle:
@@ -118,7 +118,7 @@ The default version of the embedded postgres is `PostgreSQL 14.19`, but it can b
          
          dependencyManagement {
               imports {
-                   mavenBom 'io.zonky.test.postgres:embedded-postgres-binaries-bom:17.6.0'
+                   mavenBom 'io.zonky.test.postgres:embedded-postgres-binaries-bom:18.1.0'
               }
          }
 
diff --git a/pom.xml b/pom.xml
index b2bae4be..e46cc18c 100644
--- a/pom.xml
+++ b/pom.xml
@@ -30,7 +30,7 @@
         <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>
         <project.reporting.outputEncoding>UTF-8</project.reporting.outputEncoding>
 
-        <embedded-postgres-binaries.version>14.19.0</embedded-postgres-binaries.version>
+        <embedded-postgres-binaries.version>14.20.0</embedded-postgres-binaries.version>
         <commons-codec.version>1.20.0</commons-codec.version>
         <commons-compress.version>1.28.0</commons-compress.version>
         <commons-io.version>2.21.0</commons-io.version>