The research object of this paper is single-phase PWM rectifier, the purpose is to reduce the total harmonic distortion (THD) of the grid-side current. A model predictive current control (MPCC) with fixed switching frequency and dead-time compensation is proposed. First, a combination of an effective vector and two zero vectors is used to fix the switching frequency, and a current prediction equation based on the effective vector’s optimal action time is derived. The optimal action time is resolved from the cost function. Furthermore, in order to perfect the established prediction model and suppress the current waveform distortion as a consequence of the dead-time effect, the dead-time’s influence on the switching vector’s action time is analyzed, and the current prediction equation is revised. According to the experimental results, the conclusion is that, firstly, compared with finite-control-set model predictive control, proportional-integral-based instantaneous current control (PI-ICC) scheme and model predictive direct power control (MP-DPC), the proposed MPCC has the lowest current THD. In addition, the proposed MPCC has a shorter execution time than MP-DPC and has fewer adjusted parameters than PI-ICC. In addition, the dead-time compensation scheme successfully suppresses the zero-current clamping effects, and reduce the current THD.